Wisdom from Decades of Investing

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[00:03:38] - [First question] - The two companies he has owned the longest and what they’ve taught him as an investor 

[00:16:37] - Discussing his investment style through the lens of simplicity

[00:24:35] - A time where he worked to try and create a simplified equation but couldn’t 

[00:29:59] - Discussing his investment style through the lens of echolocation and ambiguity 

[00:36:03] - Thoughts on whether buying well or holding well is more difficult

[00:40:39] - Capital Group’s history and his river-rafting analogy in regards to the company

[00:47:48] - What he means by “The Empire Strikes Back” and relevant market themes

[00:54:50] - A brief summary of “The Empire Strikes Back”

[00:58:42] - Common reasons that he may have gotten something really wrong 

[01:03:34] - Impressions made on him by the poet Rilke

[01:09:00] - The work of Brunello Cucinelli and the nature of quality 

[01:13:08] - Advice for new investors who want to step into the field and set themselves up for success 

[01:17:39] - What he’s learned about kindness

[01:19:54] - The kindest thing that anyone has ever done for him