The Education of a Value Investor

书名:The Education of a Value InvestorMyTransformativeQuestforWealth,Wisdom,andEnlightenment
作者:GuySpier
译者:
ISBN:9781137278814
出版社:PalgraveMacmillanTrade
出版时间:2014-9-9
格式:epub/mobi/azw3/pdf
页数:224
豆瓣评分: 8.6

书籍简介:

What happens when a young hedge fund manager spends a small fortune to have lunch with Warren Buffett? He becomes a true value investor. This book traces the arc of a transformation. Author Guy Spier started his career as a Gordon Gekko wannabe — brash, short-sighted and entirely out for himself. Then, a series of transformations and self-realizations led him from an investment banking job with a third-rate firm to managing his own fund, which has generated tremendous returns for his investors. His journey began with the discovery of Ben Graham's The Intelligent Investor, then took him on a path to a life-changing meeting with the renowned investor Mohnish Pabrai, followed by his famous lunch with Warren Buffett. That $650,100 meal proved to be a bargain, teaching Spier some of the most valuable lessons of his life. Along the way, he has gained many powerful insights about investing and business, including: why the right mentors and role models are the key to long-term success as an investor; how a top-notch education can get in your way; why self-knowledge is so critical to becoming a great investor; and how Buffett taught him that the ultimate goal in life is to be true to yourself. This book is an extraordinarily candid memoir that takes the reader into some of the darkest corners of Wall Street. It's also a remarkably smart and practical guide to what it takes to become a successful investor. Most important, Guy Spier provides those who want to take a different path with the insight, guidance and inspiration they need to succeed on their own terms.

作者简介:

Guy Spier is a Zurich based investor. In June 2007 he made headlines by bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett.

Since 1997 he has managed Aquamarine Fund, an investment partnership inspired by, and styled after the original 1950′s Buffett partnerships.

Prior to starting Aquamarine Fund, Spier worked as an investment banker in New York, and as a management consultant in London and Paris.

Mr. Spier completed his MBA at the Harvard Business School, class of 1993, and holds a First Class degree in PPE (Politics, Philosophy and Economics) from Oxford University. Upon graduating, he was co-awarded the George Webb Medley prize for the best performance in that year in Economics. While at Oxford he was a contemporary of David Cameron at Brasenose and attended economics tutorials with him.

Spier is the CEO of the Spier family office. He also serves on the advisory board of Horasis, and is a co-host of TEDxZurich.

Spier is a member of YPO, EO, Zurich Minds and the Latticework Club.

Aquamarine has offices in New York, London and Zurich where Mr. Spier currently resides with his wife Lory and their three children, Eva, Isaac and Sarah.

书友短评:

@ 长亭 I went as far as acutally writing him a letter to thank him for this book (mailed it out of China). I find it extremely helpful in navigating my own career paths and options. Guy is an amazing guy. Watch his interviews @ Terence Xie 环境和公司文化会影响员工的道德判断,想要靠个人影响环境是很难的;增加行动力,避免负面思维。选择好一个价值投资交流的圈子,躲开不透明的人,向你的偶像学习、模仿他的操作,避免由于妒忌和ego导致非理性投资,怀抱感恩的心。建立内在标准而非外在标准。永久资本+保守用杠杆是金融危机时保存资本的诀窍。我们无法靠自己的大脑来战胜我们的偏见(每个人都不同),只有强制性的设计才可以帮我们纠正偏差。把投资作为游戏看待。不要去主动接收别人卖的服务,避免被管理层销售套路迷惑, 和同僚谈股票的时候用开放式问题来研究, 避免被市场价格冲昏头脑和在公众面前谈论一个股票。建立系统性的checklist,是否给买卖双方带来双赢, 是否不用受过多外力因素影响.助人就是助己。对投资者不要强留。 @ 鲁尔河 与其说是讲投资干货,不如说是一个自传体式的个体成长反思,作者在提供了详尽专业建议的同时,对自己进行了坦诚的剖析(例如曾经对于他人认可的执着,过于在意成绩和业绩的心魔,对自我觉知的追求等), 很触动人心。 @ 鲁尔河 与其说是讲投资干货,不如说是一个自传体式的个体成长反思,作者在提供了详尽专业建议的同时,对自己进行了坦诚的剖析(例如曾经对于他人认可的执着,过于在意成绩和业绩的心魔,对自我觉知的追求等), 很触动人心。 @ Wumengyang1994 allusions to his personal stories @ 叮叮和柠檬 巴菲特铁粉 @ James 价值投资还是适合富二代

书籍目录

  • I was driven in large part by what Warren Buffett calls “the outer scorecard”—that need for public approval and recognition, which can so easily lead us in the wrong direction. This is a dangerous weakness for an investor, since the crowd is governed by irrational fear and greed rather than by calm analysis. I would argue that this kind of privileged academic environment is largely designed to measure people by an external scorecard: winning other people’s approval was what really counted.
    —— 引自第77页
  • He then went on to explain how crucial it is to adhere to values that you know to your core are right rather than being swayed by external forces such as peer pressure. “It’s very important always to live your life by an inner scorecard, not an outer scorecard,” he said. To illustrate this, he then asked us, “Would you prefer to be considered the best lover in the world and know privately that you’re the worst—or would you prefer to know privately that you’re the best lover in the world, but be considered the worst?”
    —— 引自章节:6
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