Big Money w/ Fidelity Superstar Joel Tillinghast (RWH017)
ฝัง
- เผยแพร่เมื่อ 12 มิ.ย. 2024
- William Green chats with Joel Tillinghast, an investment superstar who manages about $70 billion at Fidelity. Peter Lynch has described him as “one of the greatest, most successful stock pickers of all time.” In this rare, in-depth interview, Joel shares invaluable lessons from a dazzling career in which he’s beaten the market by a stunning 3.7 percentage points a year since 1989.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:40 - How Joel Tillinghast fell in love with investing as a boy of eight or nine.
00:05:55 - What he learned from his first investment, which he’s (so far) held for 54 years.
00:07:16 - Why it’s critical not to overpay, even when you’re investing in a superb business.
00:09:15 - How his approach differs from the strategy of another Fidelity legend, Will Danoff.
00:13:50 - What Joel admires about Cathie Wood.
00:18:56 - What he learned from a disastrous macroeconomic bet using borrowed money.
00:29:56 - Why it’s important to invest in “adaptive companies.”
00:31:20 - How he was hired at Fidelity after cold calling Peter Lynch.
00:37:04 - How young people can break into the investment business at a firm like Fidelity.
00:42:46 - What qualities made Peter Lynch a wildly successful stock picker.
00:53:07 - Why Joel avoids biotech stocks.
00:53:39 - Why it’s critical to know yourself & stick to games where you truly have an edge.
00:56:11 - How he thinks about diversification & why he owns a huge number of stocks.
01:08:05 - How he made more than 1,000 times his money investing in Monster Beverage.
01:15:56 - How emotional exhaustion led him to announce his retirement next year.
01:21:49 - How he was affected by a terrifying experience of an earthquake in Japan.
01:26:39 - How to handle adversity by letting go of what we can’t control.
01:28:50 - What he’s trying to teach Fidelity’s next generation of fund managers.
01:32:24 - What gives Joel satisfaction as he looks back on his extraordinary career.
01:35:45 - What he learned from his beloved father.
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▶️ RELATED EPISODE:
- How to BEAT the Market | Joel Tillinghast & Uncovering the Art of Outperformance: • How to BEAT the Market...
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📖 BOOKS MENTIONED:
- Big Money Thinks Small by Joel Tillinghast: amzn.to/3gxLH72
- Richer, Wiser, Happier by William Green: amzn.to/3RX9gDp
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On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.
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please get Peter Lynch for an interview. This will be legendary.
Give an inch…
@@Julio836 What?
What a nice interview. The other night I stumbled across Nassim Taleb's rant about the many many books about 'What to do" and the not written books about "What not to do".
Happy New Year Mr William Green, always a pleasure to listen to you and your interviews. Your book is an excellent read. Was recommended by Mr. Guy Spier.
Happy new year! Thanks so much for watching.
Great interview. I listened to it twice!
Glad you enjoyed it, Anthony!
I listen to all sorts of podcasts on you tube…I came across this channel and it has become my go to show…
So happy to hear you're enjoying our content!
I was expecting this video in Richer, Wiser and happier podcast...Great insights. William you are the best in the world to ask such an insight-extracting quality questions...
Thank you so much for watching. So happy you're enjoying the show!
Many thanks! I really appreciate it. Warm wishes, William
some issue with the audio from joel's end
Thank you for another brilliant interview. Joel seems like a very humble and decent human being. Fascinating interview, and it has also help to formulate my investing ideas.
Our pleasure!
What a gem full of insight! William not only writes well but also interviews in a very seamless manner. Thank you!
Thank you so much! 🙏
No doubt a great investor to learn from, but he also seems to be a genuinely wonderful human being. Thank you for this interview
Thanks so much, Neels. I totally agree: Joel has that rare and precious combination of huge talent, decency, and humility. He's a really fine person. Warm wishes, William
Glad you enjoyed the interview, Neels!
Interview Robert Robotti.
First
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