IN THIS EPISODE, YOU’LL LEARN:<ul><li>03:07 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.</li><li>07:51 - What he learned from his first investment, which he’s (so far) held for 54 years.</li><li>09:12 - Why it’s critical not to overpay, even when you’re investing in a superb business.&nbsp;</li><li>11:04 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.</li><li>14:55 - What Joel admires about Cathie Wood.</li><li>19:20 - What he learned from a disastrous macroeconomic bet using borrowed money.</li><li>33:36 - Why it’s important to invest in “adaptive companies.”</li><li>34:50 - How he was hired at Fidelity after cold calling Peter Lynch.</li><li>39:56 - How young people can break into the investment business at a firm like Fidelity.</li><li>44:59 - What qualities made Peter Lynch a wildly successful stock picker.</li><li>53:38 - Why Joel avoids biotech stocks.</li><li>54:25 - Why it’s critical to know yourself & stick to games where you truly have an edge.</li><li>56:47 - How he thinks about diversification & why he owns a huge number of stocks.</li><li>1:11:07 - How he made more than 1,000 times his money investing in Monster Beverage.</li><li>1:10:08 - How emotional exhaustion led him to announce his retirement next year.</li><li>1:23:12 - How he was affected by a terrifying experience of an earthquake in Japan.</li><li>1:27:21 - How to handle adversity by letting go of what we can’t control.</li><li>1:29:26 - What he’s trying to teach Fidelity’s next generation of fund managers.</li><li>1:32:27 - What gives Joel satisfaction as he looks back on his extraordinary career.</li><li>1:35:24 - What he learned from his beloved father.</li></ul>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul><li>Joel Tillinghast’s <a href="https://fundresearch.fidelity.com/mutual-funds/summary/316345305?type=o-SrchResults" rel="noopener noreferrer" target="_blank">Fidelity Low-Priced Stock Fund</a>.&nbsp;</li><li>Joel’s book, <a href="https://www.amazon.com/Big-Money-Thinks-Small-Publishing/dp/023117571X?_encoding=UTF8&qid=1669040246&sr=1-1-catcorr&linkCode=ll1&tag=tipnetwork-20&linkId=230ba41df73e66878c7509682c3ec458&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Big Money Thinks Small: Biases, Blind Spots, & Smarter Investing</a>.</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=18dd2281aeb1fcf40e185eb1916c17ae&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/we-study-billionaires/" 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>Invest in high-quality, cash-flowing real estate without all of the hassle with&nbsp;<a href="https://www.passiveinvesting.com/" rel="noopener noreferrer" target="_blank">Passive Investing</a>.</li><li>Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with&nbsp;<a href="https://mackenzieinvestments.com/" rel="noopener noreferrer" target="_blank">Mackenzie Investments</a>.</li><li>Have gold and silver shipped directly to your door for you to hold at your home. Get&nbsp;<a href="https://bullionmax.com/wsb" rel="noopener noreferrer" target="_blank">BullionMax</a>’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.</li><li>More wealth, more purpose, or making more of a difference?&nbsp;<a href="http://commbank.com/success" rel="noopener noreferrer" target="_blank">Commonwealth Private</a>&nbsp;helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.</li><li>Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies-&nbsp;<a href="https://invesco.com/ETFSolutions" rel="noopener noreferrer" target="_blank">Invesco</a>&nbsp;has over 200 ETFs to help you meet your financial goals. Visit&nbsp;<a href="http://invesco.com/" rel="noopener noreferrer" target="_blank">invesco.com</a>&nbsp;for a prospectus with this information.</li><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. T&Cs apply.</li><li>Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with&nbsp;<a href="https://www.whoop.com/" rel="noopener noreferrer" target="_blank">WHOOP</a>. Use code WSB to save 10% off your order today.</li><li>Find an advisor who’s invested in you with&nbsp;<a href="https://investia.ca/" rel="noopener noreferrer" target="_blank">iA Financial Services Inc</a>.</li><li>Start printing everything your small business needs and discover the endless printabilities with&nbsp;<a href="https://vistaprint.com.au/" rel="noopener noreferrer" target="_blank">VistaPrint</a>.</li><li>If you’re aware you need to improve your bitcoin security but have been putting it off,&nbsp;<a href="https://unchained.com/concierge" rel="noopener noreferrer" target="_blank">Unchained Capital</a>'s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.</li><li>When you want to be a better problem solver, therapy can get you there. Visit&nbsp;<a href="https://betterhelp.com/rwh" rel="noopener noreferrer" target="_blank">BetterHelp</a>&nbsp;today to get 10% off your first month.</li><li>If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with&nbsp;<a href="https://getrefunds.com/" rel="noopener noreferrer" target="_blank">Innovation Refunds</a>.</li><li>Enjoy 10% off your first booking in&nbsp;<a href="https://www.viator.com/" rel="noopener noreferrer" target="_blank">Viator</a>’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code&nbsp;VIATOR10.</li><li>Launch your thing into the spotlight and start selling anywhere with&nbsp;<a href="https://shopify.com/wsb" rel="noopener noreferrer" target="_blank">Shopify</a>.</li><li>Get personalized, expert advice that helps you see things clearly with&nbsp;<a href="https://www.atb.com/WhatIf" rel="noopener noreferrer" target="_blank">ATB</a>.</li><li>Take a position daily on potential price movements, and gain exposure while limiting risk with&nbsp;<a href="https://eventtrader.interactivebrokers.com/" rel="noopener noreferrer" target="_blank">Interactive Brokers</a>.</li><li>Ship with&nbsp;<a href="https://fedex.ca/holidays" rel="noopener noreferrer" target="_blank">FedEx</a>&nbsp;and be ready for this holiday season with picture proof of delivery.</li><li>Support our free podcast by supporting our&nbsp;<a href="https://theinvestorspodcast.com/sponsors" rel="noopener noreferrer" target="_blank">sponsors</a>.</li></ul>HELP US OUT!Help us reach new listeners by leaving us a&nbsp;<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit" rel="noopener noreferrer" target="_blank">rating and review</a>&nbsp;on&nbsp;<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

RWH017: Fidelity Legend Joel Tillinghast

We Study Billionaires - The Investor’s Podcast Network