RWH020: The Disciplined Growth Investor w/ Fred Martin

We Study Billionaires - The Investor’s Podcast Network

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.

14:22 - How he handles the pain & discomfort of difficult periods in the stock market.

31:52 - Why he thinks Tesla’s stock is overvalued & what he thinks it’s really worth.

35:20 - Why it’s critical for investors to be skeptics who never let down their guard.

43:56 - What insights he drew from studying Benjamin Graham & writing a book about him.

51:44 - How Fred applies a consistent three-step process to every business he analyzes.

54:34 - How to win as an investor by waiting for intrinsic value & the stock price to “true up.”

01:02:25 - Why he regards a legendary free soloist climber as the world’s greatest risk manager.

01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.

01:16:02 - Why he’s given three younger colleagues the authority to veto his stock picks.

01:24:26 - Why he “seals the exits” before buying a stock, assuming that he’ll own it forever.

01:34:29 - Why fund managers should sacrifice their own interests for the sake of their clients.

01:37:56 - What advice he’d give to people who are looking to hire an investment adviser.

01:42:09 - Why he believes that relationships & purpose are the two most important things in life.

01:45:48 - What he’s done to build good health, so that he’s still going strong at age 76.

01:47:24 - How his religious faith has made him a better investor & a better steward of assets.

01:50:10 - What he’s learned about how to endure sorrow & tragedy.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
• Fred Martin’s investment firm, Disciplined Growth Investors.
• Fred Martin’s mutual fund, the Disciplined Growth Investors Fund.
• Benjamin Graham and the Power of Growth Stocks, co-authored by Fred Martin
• The Psychology of Money: An Investment Manager’s Guide to Beating the Market by Jim Ware
• Free Solo, an Oscar-winning documentary about legendary climber Alex Honnold.
• William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
• William Green’s Twitter.

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