It's not about being the smartest person in the room. It's about creating the right environment for good decision-making.
Investors
Guy Spier
Born in 1966, Guy Spier is a Swiss-German-Israeli investor based in Zurich who manages the Aquamarine Fund. He became widely known for co-winning (with Mohnish Pabrai) the 2008 charity lunch with Warren Buffett for $650,100. In his book The Education of a Value Investor, he candidly chronicles his failures and transformation, advocating a distinctive practical philosophy that environment and habits determine investment outcomes.
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Guy Spier's Other Quotes
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Don't be afraid to give up the good to go for the great.
-- John D. Rockefeller
The magic formula works, but most people don't have the patience to stick with it.
-- Joel Greenblatt
The central truth of the investment business is that investment behavior is driven by career risk.
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The single most important change I made was to move from New York to Zurich.
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In the stock market, the most dangerous of all emotions is greed, but fear is a close second.
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Don't lose money. The best way to do that is to have a very good process for making decisions.
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