IN THIS EPISODE, YOU’LL LEARN:<ul><li>10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.</li><li>14:22 - How he handles the pain & discomfort of difficult periods in the stock market.</li><li>31:52 - Why he thinks Tesla’s stock is overvalued & what he thinks it’s really worth.</li><li>35:20 - Why it’s critical for investors to be skeptics who never let down their guard.</li><li>43:56 - What insights he drew from studying Benjamin Graham & writing a book about him.</li><li>51:44 - How Fred applies a consistent three-step process to every business he analyzes.</li><li>54:34 - How to win as an investor by waiting for intrinsic value & the stock price to “true up.”</li><li>01:02:25 - Why he regards a legendary free soloist climber as the world’s greatest risk manager.</li><li>01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.</li><li>01:16:02 - Why he’s given three younger colleagues the authority to veto his stock picks.</li><li>01:24:26 - Why he “seals the exits” before buying a stock, assuming that he’ll own it forever.</li><li>01:34:29 - Why fund managers should sacrifice their own interests for the sake of their clients.&nbsp;</li><li>01:37:56 - What advice he’d give to people who are looking to hire an investment adviser.</li><li>01:42:09 - Why he believes that relationships & purpose are the two most important things in life.</li><li>01:45:48 - What he’s done to build good health, so that he’s still going strong at age 76.</li><li>01:47:24 - How his religious faith has made him a better investor & a better steward of assets.</li><li>01:50:10 - What he’s learned about how to endure sorrow & tragedy.</li></ul>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Fred Martin’s investment firm, <a href="https://dginv.com/" rel="noopener noreferrer" target="_blank">Disciplined Growth Investors</a>.</li><li>Fred Martin’s mutual fund, the <a href="https://www.dgifund.com/" rel="noopener noreferrer" target="_blank">Disciplined Growth Investors Fund</a>.&nbsp;</li><li><a href="https://www.amazon.com/Benjamin-Graham-Power-Growth-Stocks/dp/0071753893?&linkCode=ll1&tag=tipnetwork-20&linkId=f581ce27561cd5ecd20e3d525ee1429d&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Benjamin Graham and the Power of Growth Stocks</a>, co-authored by Fred Martin</li><li><a href="https://www.amazon.com/Psychology-Money-Investment-Managers-Beating/dp/0471390747?&linkCode=ll1&tag=tipnetwork-20&linkId=b2bade71d7f36601e4b94811ed177ce9&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">The Psychology of Money: An Investment Manager’s Guide to Beating the Market</a> by Jim Ware</li><li><a href="https://films.nationalgeographic.com/free-solo" rel="noopener noreferrer" target="_blank">Free Solo</a>, an Oscar-winning documentary about legendary climber Alex Honnold.</li><li>William Green’s book, “Richer, Wiser, Happier” – <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll1&tag=tipnetwork-20&linkId=eaaa57b50f669677bc9ecad458918489&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">read the reviews of this book</a>.</li><li>William Green’s <a href="https://twitter.com/williamgreen72" rel="noopener noreferrer" target="_blank">Twitter</a>.</li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/richer-wiser-happier/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">&nbsp;We Study Markets.</a></li><li>Learn how to better start, manage, and grow your business with the&nbsp;<a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/" rel="noopener noreferrer" target="_blank">best business podcasts</a>.&nbsp;</li></ul>P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!SPONSORS<ul><li>Get position and investment info for nearly 6,000 Asset Management Companies with&nbsp;<a href="https://www.moomoo.com/" rel="noopener noreferrer" target="_blank">Moomoo</a>, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. 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RWH020: The Disciplined Growth Investor w/ Fred Martin

We Study Billionaires - The Investor’s Podcast Network