Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life

Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life

  • Downloads:3355
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-05-07 10:32:21
  • Update Date:2025-09-06
  • Status:finish
  • Author:William P. Green
  • ISBN:B08CVR78CH
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

From an award-winning financial journalist who has written for The New Yorker, Time, and Fortune, a fresh and unexpectedly profound book that draws on interviews with more than forty of the world’s super-investors to demonstrate that the keys used to building wealth hold other life lessons as well。

Billionaire investors。 If we think of them, it’s with a mixture of awe and suspicion。 Clearly, they possess a kind of genius—the proverbial Midas Touch。 But are the skills they possess transferable? And would we really want to be them? Do they have anything to teach us besides making money?

In RicherWiser, Happier, award-winning journalist William Green has spent nearly twenty-five years interviewing these investing wizards and discovered that their talents expand well beyond the financial realm and into practical philosophy。 As he discovered, most of these men and women view the world in a more interconnected way。 They look broadly at the culture, are remarkably intuitive about trends, practice fanatical discipline, and have developed a high tolerance for pain。 They are also stunningly good at boiling down the maddeningly complex to two or three easy variables。

Green ushers us into the lives of more than forty of the world’s super-investors, visiting them in their offices, vacation homes, and even their places of worship—all to share what they have to teach us。 RicherWiser, Happier brings together the thinking of some of the best investors, from Warren Buffet to Howard Marks to John Templeton, and provides gems of insight that will enrich you not only financially but also professionally and personally。

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Reviews

Frederic Kerr

This book was less useful than I had hoped in describing investment techniques, but also more useful in an unexpected way。 There's a lot of helpful psychological discussion here about the mindset required to be a good investor and a happier person。 Author Green's writing style is a bit melodramatic and annoying at times, as when he constantly starts sentences with "Still", which he seems not to understand contradicts the previous sentence and clearly didn't intend to do。As Green points out, most This book was less useful than I had hoped in describing investment techniques, but also more useful in an unexpected way。 There's a lot of helpful psychological discussion here about the mindset required to be a good investor and a happier person。 Author Green's writing style is a bit melodramatic and annoying at times, as when he constantly starts sentences with "Still", which he seems not to understand contradicts the previous sentence and clearly didn't intend to do。As Green points out, most professional investors collect material fees but fail to outperform their indexes。 Of the portfolio managers I met during my career, only a handful were so impressive that I'd have given them my own funds to invest。 Many professional investors were so convinced of their own genius that they were incapable of listening, even to visiting company CEOs or analysts with whom they'd agreed to meet and who could have really helped them if the PM had shut up for five minutes and just listened。 The best fund managers show humility and curiosity。 They're independent and have their own approach, but are always open to new ideas。Green parrots some of his interviewees in being completely dismissive of the brokerage industry, which, while it houses its share of prostitutes and parasites, also employs many smart people, some of whom have great investment insights and help their clients make money。 He also talks breezily about Munger and Buffett buying overlooked, highly profitable, simple, predictable businesses at fair prices, but one wonders where in 2021's wildly overpriced stock market one finds such undiscovered unicorns。 It's this crucial question Green leaves unanswered。Green profiles a dozen or so famous investors, including Charlie Munger, Warren Buffett's longtime business partner, John Templeton, Bill Miller, Joel Greenblatt, Nick Sleep and several of the star Fidelity managers, including Jeff Vinik and Will Danoff。 For some reason, the narrator of the audio book version I read chose to mimic John Templeton's southern accent, but not anyone else's way of speaking。Though these investors have widely varied styles, they seem to share fierce independence, supreme confidence and a mastery of their own emotions。 Some of them, like self described "Buffett cloner" Monish Pabrai , seem obnoxious to the point of sociopathy。 Knowing that, for example, Miller was a growth investor, while Greenblatt and others were various shades of Value, Deep Value and Growth at a Reasonable Price(GARP), I would have appreciated much more detail on the various guru's investment methods, but the book was entertaining and philosophically thought provoking。 This would be a decent book for beginners looking to establish a useful mind set for investing。 For a meatier yet entertaining discussion of investment techniques, try Peter Lynch and Joel Greenblatt's books。 Start with "One Up on Wall Street" and "The Little Book that Still Beats the Market"。 Jeremy Siegel's "Stocks for the Long Run" and Robin Speziale's "Market Masters" are also good。 。。。more

Beena Samtani

Excellent book。 Munger’s advice “Invert, Invert” is so simple but beautiful。 Would highly recommend spending time reading this book and taking some notes along the way。 The recipe for success is keep learning and reading。

Stevo Brock

This book was Stevo's Business Book of the Week for the week of 5/2, as selected by Stevo's Book Reviews on the Internet and Stevo's Novel Ideas。 The keys for building wealth hold other life lessons as well。 Green interviewed over 40 super-investors and found that one of the most valuable lessons is not waiting until a crisis before deciding to live a healthy lifestyle。Find more Business Books of the week on my Goodreads Listopia page at https://www。goodreads。com/list/show/9。。。, and find many mo This book was Stevo's Business Book of the Week for the week of 5/2, as selected by Stevo's Book Reviews on the Internet and Stevo's Novel Ideas。 The keys for building wealth hold other life lessons as well。 Green interviewed over 40 super-investors and found that one of the most valuable lessons is not waiting until a crisis before deciding to live a healthy lifestyle。Find more Business Books of the week on my Goodreads Listopia page at https://www。goodreads。com/list/show/9。。。, and find many more recommended books on my Amazon Influencer page at https://www。amazon。com/shop/stevo4747 or by searching for me on Google。 。。。more

Jason Holloway

A grand tour of the various strategies of the world's greatest value investors。 Easy and fun to read。 I enjoyed this well-written book。 A grand tour of the various strategies of the world's greatest value investors。 Easy and fun to read。 I enjoyed this well-written book。 。。。more

Brian Sachetta

I gotta admit, I was pretty bored with this one at the beginning。 It started slow and didn’t really cover too many investing principles。 That said, I’m glad I kept reading because it got better and better as it went along。 By the end of it, I was actually quite pleased with the purchase, which was surprising given the tough start。In terms of content, this one follows several investment icons and divulges their insights, strategies, and key lessons。 Some of the prominent investors featured here i I gotta admit, I was pretty bored with this one at the beginning。 It started slow and didn’t really cover too many investing principles。 That said, I’m glad I kept reading because it got better and better as it went along。 By the end of it, I was actually quite pleased with the purchase, which was surprising given the tough start。In terms of content, this one follows several investment icons and divulges their insights, strategies, and key lessons。 Some of the prominent investors featured here include Charlie Munger, Warren Buffet, and Howard Marks。 By the end, the reader learns all sorts of good financial wisdom from various investors all over the world。My favorite part was the epilogue。 It went beyond the financial aspect of things, focusing on the idea that, without friends, family, and health, we have no true wealth at all。 This part of the book reminds the reader that even though financial wealth is important, we should never make it our chief aim in life。 These reminders round out the manuscript really nicely。-Brian SachettaAuthor of “Get Out of Your Head” 。。。more

DC

Enjoyable read。 The author does a great job of seamlessly weaving interesting stories filled with helpful life lessons through the drape of investing。

Corbett

Incredible book。 An instant classics with insights from a range of top investors。 Would recommend to beginners and advanced investors alike。

Tab Williams

A good summary of some famous investors, but also intertwines life philosophies throughout the book。 I thought it was beautifully presented and told, but the information was nothing I didn't already know。 Mostly distills and summarizes important concepts, but that is still useful。 I wish I had read it earlier in my career as this would be a wonderful book for one just starting on their journey。 A good summary of some famous investors, but also intertwines life philosophies throughout the book。 I thought it was beautifully presented and told, but the information was nothing I didn't already know。 Mostly distills and summarizes important concepts, but that is still useful。 I wish I had read it earlier in my career as this would be a wonderful book for one just starting on their journey。 。。。more

Brendan Hughes

This is an outstanding book。 I would recommend it to investors and those interested in financial markets looking to learn from the most successful investors。 A lot can be learned from the valuable interviews done with some of the world's most successful investors。 I liked the authors writing style and found it very easy to read。 This is an outstanding book。 I would recommend it to investors and those interested in financial markets looking to learn from the most successful investors。 A lot can be learned from the valuable interviews done with some of the world's most successful investors。 I liked the authors writing style and found it very easy to read。 。。。more

William T

This is a good book。 While there is nothing here that I haven't read before, it is well written, well organized and the material priceless。 You can not, as an investor or as a human, read the advice compiled here too many times。 Well done, and thank you to William Green。 This is a good book。 While there is nothing here that I haven't read before, it is well written, well organized and the material priceless。 You can not, as an investor or as a human, read the advice compiled here too many times。 Well done, and thank you to William Green。 。。。more

Sanford Chee

Interview w/ author 8 Apr 2021http://www。investingbythebooks。com/co。。。TIP podcast https://www。theinvestorspodcast。com/e。。。Conversion w/ Guy Spierhttps://podcasts。apple。com/sg/podcast。。。TIP interview w/ Tom Gaynor of Markelhttps://podcasts。apple。com/sg/podcast。。。 Interview w/ author 8 Apr 2021http://www。investingbythebooks。com/co。。。TIP podcast https://www。theinvestorspodcast。com/e。。。Conversion w/ Guy Spierhttps://podcasts。apple。com/sg/podcast。。。TIP interview w/ Tom Gaynor of Markelhttps://podcasts。apple。com/sg/podcast。。。 。。。more