“Deferred gratification must be a master principle. In a world where people are focused on short-term pleasures, it becomes an enormous competitive advantage if you can shift to deferred gratification.”—William Green
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In This Episode, You'll Learn:
- The connection between philosophy and investing
- Richard’s new book, ‘Richer, Wiser, Happier’
- The secrets behind the successful business model of Costco and Amazon
- The benefits of deferred gratification
“I’m writing about the people who I think are operating on many different levels. They’ve got the external aspects of investing down, they’re thinking intelligently about how to make money, but they also are thinking very deeply about this inner game of what constitutes an actually successful and abundant life.”—William Green
- Why Ray Dalio likes to combine ‘man & machine’ and use a systematic approach
- Why being humble can lead to great long-term returns
- How to invest for the long-term, in a short-term world
- The ingredients that made some of the most famous investors of all-time so reputable
Follow William Green's work:
“There is something very profound going on with systematic investors. There is a tension there, between smart individuals who understand some fundamental principles and are willing to go against the crowd, and the brute power of harnessing machines and eliminating emotion.”—William Green