Playing the Odds w/ Super-Investor Bruce Berkowitz (RWH041)

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  • Опубліковано 23 лис 2024

КОМЕНТАРІ • 107

  • @WeStudyBillionaires
    @WeStudyBillionaires  9 місяців тому +2

    📌 Check out this video next: ua-cam.com/video/DpeW6KxIcQk/v-deo.html
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  • @blek99
    @blek99 6 місяців тому +7

    This is such a fantastic conversation. Bruce is not only a legendary investor but also a genuinely honest and humble human being. Kudos to William for being so well prepared for this interview. Just a treat to listen to!

  • @vonb2792
    @vonb2792 9 місяців тому +15

    When he speak about his dad, he's swallowing his emotions (sad/tears). '''Your life was in reaction to your dad ?''That was an amazing question with a truthful answer. We are ALL in reaction to our parents actions and our upbringing. Glad to see someone admitting it

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +2

      Thanks so much for picking up on that, @vonb2792. Bruce is a wonderfully open and thoughtful guest. Warm wishes, William

    • @dessanguyen
      @dessanguyen 6 місяців тому

      You are incredibly perceptive, I had to rewatch and definitely picked up that depth

  • @nickcousyn9361
    @nickcousyn9361 9 місяців тому +6

    Humbled by Bruce's honesty and integrity, I learned so much from this interview

  • @TLA123y6f
    @TLA123y6f 8 місяців тому +4

    Listening to these two gentlemen converse was like a breath of fresh air.

  • @olganatzowski
    @olganatzowski 5 місяців тому +2

    Thank you so much having Bruce interviewed over such an extended time. Enjoyed it and it is much appreciated!

  • @rokker333
    @rokker333 7 місяців тому +3

    YT suggested this. Great interview. Thank you!

  • @ljragsandfeathers
    @ljragsandfeathers 9 місяців тому +13

    William, I love your videos and the questions you ask. Richer, Wiser, Happier has to be one of the best titles I have read in the finance field. What really excites me is your ability to suss out the investment style and strengths of each investor. You also are willing to hold space for different styles of investing. Brilliant ❤

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +2

      Thanks so much, @lesleyjohnson8488. That's very kind of you to say. I really appreciate it. Warm wishes, William

  • @pkozanov
    @pkozanov 9 місяців тому +1

    William, thank you for another exceptional interview. Your guest's humility, wisdom, and willingness to acknowledge past missteps were truly remarkable. It's evident why he's enjoyed a prosperous and esteemed investing career, earning respect among the most eminent value investors of our era.

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому +1

      Thank you for the kind words! ♥

    • @RicherWiserHappier
      @RicherWiserHappier 8 місяців тому +1

      Thanks so much, @pkozanov. Bruce was a wonderful guest -- as you say, humble, wise, and candid about his mistakes. A rare combination. Warm wishes, William

  • @fekafie
    @fekafie 8 місяців тому +2

    3 years of cash is like "financial valium" is GOLD ADVICE

  • @stockscompound
    @stockscompound 9 місяців тому +6

    Best content and interviews on UA-cam. So much wisdom. I love hearing peoples life stories we are only as good as the people who come before us.

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Many thanks, @stockmarketinvesting4960. That's great to hear. Warm wishes, William

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому

      So happy to hear you enjoy our series! 🙏

  • @a1osborne
    @a1osborne 3 місяці тому

    An investors' investor. I admire Bruce's wisdom tremendously.

  • @PE-TX
    @PE-TX 9 місяців тому +1

    Also, would like to say what a great interviewer you are Mr. Green! You always seem to find the best questions to ask during the interview and you're such a good listener.

  • @learner-long-life
    @learner-long-life 9 місяців тому +1

    Another great conversation, William's preparedness and genuine curiosity and Bruce's humility and relatable stories. I'm very surprised I haven't heard of his investing before, as usual William is helping us layfolk discover the greats in plain clothing in front of us all along.

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому

      Glad you enjoyed the episode! ♥

    • @RicherWiserHappier
      @RicherWiserHappier 8 місяців тому

      Many thanks, @cryptogoth. I really appreciate your kind message. Warm wishes, William

  • @mago3331
    @mago3331 9 місяців тому +4

    A fan of Bruce this was a great interview, Bruce is such an independent thinker and I really appreciate that.. . Thanks to both of you ... I am always learning

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому +1

      Much appreciated! 🙌

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +1

      Many thanks. I totally agree -- Bruce's ability to think and operate in a totally independent way is really remarkable. Warm wishes, William

  • @value_investing
    @value_investing 6 місяців тому +1

    William should have this interview last year, before the signature bank was seized by government. I would not lose all the money for its stocks! Another Great talk!

  • @wenkaiyang1487
    @wenkaiyang1487 9 місяців тому +5

    very much appreciate your channel. it is a real finance channel that helps sincere investors a lot! thank you and keep up with the great work!

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому

      Thank you so much for the kind words! 🙏

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Many thanks. So glad you're finding it helpful. Warm wishes, William

  • @brentarchibald7605
    @brentarchibald7605 9 місяців тому +4

    Great interview, I have followed Bruce since 2010 and I learned a lot of new things about his life. Thank you!

  • @HepCatJack
    @HepCatJack 9 місяців тому +3

    It may seem torky to invest in Casino stocks, but in countries that have no casino, gamblers will often choose the stock market or sports or horse races to gamble. Buffett would sometimes find discarded bet papers at horse races, some of which had won. It's almost as if some were gambling for the adrenalin rush (like base jumping) not really caring about the outcome.

  • @Kendal2378
    @Kendal2378 9 місяців тому +2

    Great interview. Your respectful and inquisitive style is very appealing, Mr. Green. I just finished reading your book, by the way. A great read with so many lessons to draw from.

  • @radigeorgiev9662
    @radigeorgiev9662 9 місяців тому +3

    William, this interview was awesome. I hope that one day you will be able to interview Peter Lynch in a setting like this one and have it uploaded. Most of the Lynch interviews are just copy paste of one another. I think a great interviewer like you is needed to have a meaningful conversation with him.

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому

      Thanks for watching! 🙏

    • @radigeorgiev9662
      @radigeorgiev9662 9 місяців тому

      @@WeStudyBillionaires I thank you guys for this amazing content! Do you think you can get Lynch on?

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Thanks a lot! I'd love to interview Peter Lynch -- it's been more than two decades since I last interviewed him. Warm wishes, William

  • @MosesKim-je5rj
    @MosesKim-je5rj 9 місяців тому +6

    Beautiful interview. Got to go learn more about St. Joe's.

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому +1

      Thanks for watching! 🙌

    • @nikolaussoundso
      @nikolaussoundso 9 місяців тому +1

      And Enterprise Produkt Partners was his other favourite, wasn't it?

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +1

      Many thanks! It's a fascinating company. Warm wishes, William

    • @GrindThisGame
      @GrindThisGame 8 місяців тому

      yes Enterprise Products Partners L.P. (EPD)@@nikolaussoundso

  • @PE-TX
    @PE-TX 9 місяців тому +2

    This was really great! Rich content and insights. Thank you!

  • @talalm.al-ajeel5608
    @talalm.al-ajeel5608 9 місяців тому +1

    Narrowing in to your core competency overtime + ample cash & cashflows 💯 great episode, despite him being a tad bit held back.

  • @mdo5121
    @mdo5121 9 місяців тому +17

    most you tube influencers so called investors are self absorbed in their brand ...they avoid telling you of their failures

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Thanks, @mdo5121. Bruce is extraordinarily candid and self-effacing. It's very impressive to me. Warm wishes, William

  • @RafitoMembroza
    @RafitoMembroza 9 місяців тому +1

    I like his St Joe thesis as an owner

  • @johnnymartinARTIST
    @johnnymartinARTIST 9 місяців тому +1

    DAMN-this guy is SO GOOD...I've been watching EPD since covid...enough already! Thanks William- hadn't heard of Bruce til now...

    • @WeStudyBillionaires
      @WeStudyBillionaires  9 місяців тому

      Glad you enjoyed the episode! 🎉

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Thanks a lot! I glanced at your art -- it looks really good. Warm wishes, William

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons 8 місяців тому +1

    Great interview as always William

  • @royjones59344
    @royjones59344 9 місяців тому +3

    Excellent interview. Nobody can accuse Bruce of being a closet indexer

  • @ksmi1091
    @ksmi1091 2 місяці тому

    Great interview so much wisdom!

  • @jasoncloner
    @jasoncloner 9 місяців тому +1

    i Liked it William, good job

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Glad to hear it, Jason. Thanks a lot. Warm wishes, William

  • @matc956
    @matc956 8 місяців тому +1

    This was so beautiful. ❤

  • @jaanliitmae6599
    @jaanliitmae6599 9 місяців тому +1

    Fantastic piece, thx a lot!

  • @andrewmarusic1975
    @andrewmarusic1975 9 місяців тому +3

    FAIRX is the best mutual fund in the business.
    Berko collects 80bps on a one stock fund.
    Annual and semi-annual letters are three sentences.
    Only shareholders left are the ones who are 20 year holders, waiting for death, and step up in basis to sell.
    10 mill in fees and nothing happening.
    Just sell the fund and buy 90% JOE and 10% MLPs for zero cost.

  • @lionels839
    @lionels839 7 місяців тому

    @westudybillionaires Sears have not filed bankrupcy in 2018. The filed chapter 11 and they have exited in March 2023. William have missed a lot of questions: where are the billions worth of real estate sold? Shareholders have been wiped out and there are lots of thing happening in the court right now

  • @danielfitzpatrick5799
    @danielfitzpatrick5799 9 місяців тому

    Has b berkowitz ever said anyt6 about bitcoin? Probably not into it

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому

      Not that I've heard or read. Warm wishes, William

  • @hello-4229
    @hello-4229 6 місяців тому

    I think using quality stock videos decrease the quality.

  • @sanjaykale6235
    @sanjaykale6235 8 місяців тому

    Bostons Irish neighbourhood?

  • @blaquiere141
    @blaquiere141 9 місяців тому +1

    I checked the portfolio and there's nothing good in there... I'll maybe watch the video some other time for wisdom lessons but how good can those lessons be when they come from a guy who picks companies that don't respect basic investing criteria... Sorry... Chris Mayer is still the GOAT.

  • @chrismullarkey3181
    @chrismullarkey3181 9 місяців тому +1

    Will is full of Malarky when he talks about his Eaton friends gambling. That story is the oldest yarn in English history.

  • @johnnymartinARTIST
    @johnnymartinARTIST 9 місяців тому +1

    hey William- work on your American phrases..it's "pushback" not "kickback"

    • @dannthegentleman4261
      @dannthegentleman4261 9 місяців тому +9

      But I think he's brittish, so why you expect him to talk American phrases instead of brittish phrases?

    • @mr.e9778
      @mr.e9778 9 місяців тому +2

      @@dannthegentleman4261 certain ppl think america is just the world.. he thinks he speaks american. he must be one of those types

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +10

      You're definitely right that I sometimes make these mistakes when I'm talking -- it's pretty much inevitable that I'll slip up and misspeak at some point in a two-hour interview. I could go back and edit out the glitches to make myself look smarter and more articulate, but I'd prefer to have it feel authentic. One time, I referred to a great spiritual teacher named Neem Karoli Baba as Neem Ali Baba... So, there it is. To my suprise, it turns out that I'm fallible. Warm wishes, William

  • @chrismullarkey3181
    @chrismullarkey3181 9 місяців тому +2

    His 5, 10 and 15 year track record significantly underperforms the S&P so why the interview?

    • @jasoncloner
      @jasoncloner 9 місяців тому +1

      may be perfect time to buy

    • @MoiseLevi
      @MoiseLevi 9 місяців тому +1

      98% of investors underperform the SP500, yet they still make money. And big money

  • @JG-re2bb
    @JG-re2bb 9 місяців тому

    the host is annoying and continually interrupts Berkowitz.

    • @RicherWiserHappier
      @RicherWiserHappier 9 місяців тому +2

      I agree. Warm wishes, William Green

    • @TheZag
      @TheZag 9 місяців тому +1

      ⁠@@RicherWiserHappier i’m chuckling as I imagine you interrupting this person mid-comment with your response

    • @derrickchia9006
      @derrickchia9006 7 місяців тому

      yup, hubris