Invest Like The Best
Episode 39 The Human Blitzkrieg
Invest Like The Best

Episode 39: The Human Blitzkrieg

The Human Blitzkrieg

David Chilton is a venture capitalist, author, investor, and television personality from Waterloo, Ontario. We cover business, investing, and writing.

This podcast is sponsored by:

The CFA Institute. The CFA Institute is the global association of investment professionals whose mission is to lead the investment profession by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. CFA Institute serves a global community of investment professionals working to build an investment industry where investors' interests come first, financial markets function at their best, and economies grow. The Chartered Financial Analyst credential is the most respected and recognized investment management designation in the world. The views expressed in this podcast do not necessarily represent the views of the CFA Institute.

[00:02:54] – A quick introduction and why David is so well known throughout Canada

[00:04:38] – David is asked to explain how he got involved with Jim O’Shaughnessy at the Royal Bank

[00:06:40] – Genesis of the Wealthy Barber and how David got interested in finance and investing

[00:12:04] – A look at his video course on how to write and market content

[00:13:30] – How do you know when to stick with a product

[00:15:18] – What was the decision to self-publish

[00:18:20] – Why you need to pay more attention to the dedication page in a book and move it to the back

[00:19:44] – Why forewords in a book are a waste

[00:22:01] – The importance of listening to your readers to create a product they want

[00:23:00] – How the combination of human instinct with data can help to create more successful products

[00:23:59] – Why did he choose to write on financial planning

[00:25:26] – How did David transition his thinking once he started to make real money

[00:29:01] – It seems like boring investments tend to do well over time

[00:30:23] – David’s investing philosophy over his lifetime

[00:31:44] – Exploring the due diligence of investing in a stock

[00:36:16] – Most interesting things David learned about Mongolian gold exploration

[00:39:09] – How David got involved in Dragon Den’s

[00:42:17] – The process behind picking a company to invest in from the show

[00:44:44] – Looking at permanent investing and how David continues to invest in small businesses outside of the show and what he looks for in making those decisions

[00:47:14] – What were the negative screens when checking out a business

[00:50:04] – The importance of smart marketing when selling a product or service

[00:53:54] – The practice of writing a good intro for everything you do as an exercise in determining if an idea has potential

[00:58:41] – What does David do with a bad book

[01:00:22] – How Patrick discovers new books to read

[01:01:56] – People are paying less attention to Amazon reviews

[01:03:20] – The power of brand as credibility in media suggestions

[01:06:54] – How publishers are impacting the length of books

[01:07:52] – Exploring the impact of books all being the same price

[01:09:39] – Shifting to fintech and where David fits into that space

[01:15:46] – The shift to passive investing

[01:19:26] – David gets Patrick to clarify his investing process and strategy

[01:25:56] – Has David ever thought about operating a business as a founder

[01:28:35] – David’s most memorable day in his career

[01:33:43] – Kindest thing anyone has ever done for David

The Human Blitzkrieg

Introduction

Patrick
This week's conversation was especially fun. I have a long history with my guest, Dave Chilton, but this was the first time we'd met in person. I'd heard stories about him from people I worked with for 20 years. So getting to finally spend time with him was a real treat. I'll let him reveal the connection. This episode will also be fun for listeners in the US as Dave is one of the best-known people in Canada because of his famous book, The Wealthy Barber and his more recent stint as a dragon on Dragon's Den, which is Canada's version of Shark Tank. I called this episode, The Human Blitzkrieg because of Dave's relentlessly positive style and curiosity. He is dabbled in many parts of the business and investing worlds. He's one of the most successful authors in history has invested in dozens of interesting businesses and is a Jedi Master in the long lost art of the phone conversation.

We discuss business investing and writing. If you enjoy this conversation and have any aspirations as a writer, I highly recommend you check out the series of videos, Dave and his son recently released called The Chilton Method, which I will link in the show notes. I have no financial interest in this recommendation and actually, neither does Dave. He put it together in large part to stop people from calling him for advice. We discuss a few of the 100 plus lessons from his course in this conversation. As you'll be able to tell early and often it is hard not to have a good time with Dave. You can find show notes for this episode at investorfieldguide.com/Chilton. Now please enjoy my great conversation with, the wealthy barber Dave Chilton.

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