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  • The Education of a Value Investor

  • My Transformative Quest for Wealth, Wisdom and Enlightenment
  • By: Guy Spier
  • Narrated by: Malk Williams
  • Length: 6 hrs and 28 mins
  • 4.5 out of 5 stars (520 ratings)

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The Education of a Value Investor cover art

The Education of a Value Investor

By: Guy Spier
Narrated by: Malk Williams
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Summary

What happens when a young Wall Street investment banker spends a small fortune to have lunch with Warren Buffett? He becomes a real value investor. In this fascinating inside story, Guy Spier details his career from Harvard MBA to hedge fund manager. But the path was not so straightforward. 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. Spier's journey is similar to the thousands that flock to Wall Street every year with their shiny new diplomas, aiming to be King of Wall Street. Yet what Guy realized just in the nick of time was that the King really lived 1,500 miles away in Omaha, Nebraska. Spier determinedly set out to create a new career in his own way. Along the way he learned some powerful lessons which include: 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 Wall Street advice, and part how-to, 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.

©2014 Guy Spier (P)2014 Audible Inc.

What listeners say about The Education of a Value Investor

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  • Overall
    5 out of 5 stars
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    4 out of 5 stars
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    5 out of 5 stars

A must read for Value Investors - great book

Would you listen to The Education of a Value Investor again? Why?

Yes. The book has some great lessons and insights from Guy's career. He is also very honest about his investing mistakes which adds to the learning experience (and hopefully helps the reader avoid making similar errors!)

What was one of the most memorable moments of The Education of a Value Investor?

I think the most interesting insights surround the things that Guy avoids doing - for example: daily use of Bloomberg terminals, engaging too closely with management (they are good salesmen), talking publicly about investments (as it creates attachments to a particular thesis which can be hard to move away from). Also how Guy uses investment checklists which cover everything he has learned both personally and from other investors - Buffett, Pabrai etc. Put in to practice, these checklists will avoid investment mistakes - so readers can take a lot from them. All of this is really practical advice which can be put in to practice easily.

Any additional comments?

I think it is important to be careful which investment books you read, there are a lot of them which can have a negative effects on your investing. This book is a particularly good one and although it is written in a very different style to others, it is right up there with other "must read" titles for Value Investors such as Common Stocks Uncommon Profits (Fisher), Essays of Warren Buffett (Cunningham), Intelligent Investor (Graham/Dodd), Margin of Safety (Klarman), Competition Demystified (Greenwald).

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22 people found this helpful

  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars

Disappointing

If this book wasn’t for you, who do you think might enjoy it more?

I'm not sure, I found very little useful in it. It struck me as self indulgent.

How could the performance have been better?

The narrative is almost gushing in its delivery regardless of the subject matter. Its hard to listen to for an extended period.

If you could play editor, what scene or scenes would you have cut from The Education of a Value Investor?

Most of it.

Any additional comments?

If you are looking for useful tools to improve your investing, I would look elsewhere.

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11 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Life story of a hedge fund manager

Would you consider the audio edition of The Education of a Value Investor to be better than the print version?

Yes, as this is easy to listen in a car, while gardening etc.

Have you listened to any of Malk Williams’s other performances? How does this one compare?

no, but the performance was OK

Any additional comments?

This book is what the title suggests - the author talks about his life story how he came out of first class universities, got burnt in an investment bank and started his hedge fund. To a great extent it is about the people inspired him (such as Warren Buffet) as a role model in investment and life.

Personally I was looking for a book on value investment - the book did not offer much in that subject.

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7 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
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    5 out of 5 stars

Will change how you invest and live

Guy's approach to life will inspire you. It's one of those books that make you want to jump up and get out there and live the life you were meant to!

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4 people found this helpful

  • Overall
    1 out of 5 stars

Yawn

Started OK. But turned into a story about why the author is so great and how wonderful his friends Monish and Warren Buffet are. The constant references to the two are tiresome.

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3 people found this helpful

  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars

Truly inspiring

A book based on values and principles rather than just pure investing tricks.

Gives a great account of how important it is to have a mentor and depicts the greatness of warren buffet, Charlie munger and mohnish pabrai.

A must read for anyone with basic interest in investing.

Good luck guy spier! Hope you do well.

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3 people found this helpful

  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars

Absolutely fantastic

Anyone wanting to become wealthy must have this.Guy has given everyone a gift to understand what value investing is all about and what a person becomes in the process of knowledge aquisition

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3 people found this helpful

  • Overall
    5 out of 5 stars
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    4 out of 5 stars
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    5 out of 5 stars

Must read if you’re interested in finance

Truly eye opening. If you are remotely interested in financial markets and economics this is a must read. A great blend of interesting life stories and practical advice. Well written and well delivered.

I whole heartedly recommend this book.

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2 people found this helpful

  • Overall
    5 out of 5 stars
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    5 out of 5 stars
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    5 out of 5 stars

simply honest & forthcoming

Its really good. Honest, forthcoming, sincere n unadulterated. The level of honesty is so rare.

To quote Buffett, "this is that rarity".

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1 person found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    3 out of 5 stars
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    3 out of 5 stars

It's a rich boy philosophical approach to life ...

I found the narrator's voice slightly annoying. The overall book is okay and has one or two ideas worth spreading. Nothing forward about the book though.

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1 person found this helpful