A Harvard MBA graduate and a successful hedge fund manager, Guy Spier pursued an opportunity to meet one of America’s wealthiest businessmen—bidding $650,100 with Mohnish Pabrai for the privilege to do so—at a charity lunch. What Warren Buffett shared was more important than market share strategies. He learned principles that put him on the path to becoming a real value investor.
In this fascinating inside story, Spier reveals his transformation from a Gordon Gekko wannabe, driven by greed, to a sophisticated investor who enjoys success without selling his soul to the highest bidder. His journey is similar to the thousands that flock to New York’s Financial District every year with their shiny new diplomas, aiming to be King of Wall Street, realizing just in the nick of time that the true King lived 1,500 miles away in Omaha, Nebraska.
Inspired by Warren’s activist values, Spier altered his career trajectory, learning some powerful lessons along the way including: why the right mentors and partners are critical to long term success on Wall Street; why a topnotch education can sometimes get in the way of your success; that real learning doesn’t begin until you are on your own; and how the best lessons from Warren Buffett have less to do with investing and more to do with being true to yourself. Spier also reveals some of his own winning investment strategies, detailing deals that were winners but also what he learned from deals that went south.
Part memoir, part financial investing advisory, and part how-to guide, Guy Spier takes readers on a ride through Wall Street but more importantly provides those that want to take a different path with the insight, guidance, and inspiration they need to carve out their own definition of success.
|Publisher:||St. Martin's Publishing Group|
|Product dimensions:||6.10(w) x 9.30(h) x 0.90(d)|
About the Author
Table of Contents
1 From the Belly of the Beast to Warren Buffett 5
2 The Perils of an Elite Education 21
3 The Fire Walk: My First Steps as a Value Investor 31
4 The New York Vortex 45
5 Meeting a Master 59
6 Lunch with Warren 71
7 The Financial Crisis: Into the Void 85
8 My Own Version of Omaha: Creating the ideal Environment 101
9 Learning to Tap Dance: A New Sense of Playfulness 121
10 Investing Tools: Building a Better Process 133
11 An Investor's Checklist: Survival Strategies from a Surgeon 151
12 Doing Business the Buffett-Pabrai Way 171
13 The Quest for True Value 187
Bibliography and Guide to Further Reading 201