RWH020: The Disciplined Growth Investor w/ Fred Martin

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.</p><p>14:22 - How he handles the pain &amp; discomfort of difficult periods in the stock market.</p><p>31:52 - Why he thinks Tesla’s stock is overvalued &amp; what he thinks it’s really worth.</p><p>35:20 - Why it’s critical for investors to be skeptics who never let down their guard.</p><p>43:56 - What insights he drew from studying Benjamin Graham &amp; writing a book about him.</p><p>51:44 - How Fred applies a consistent three-step process to every business he analyzes.</p><p>54:34 - How to win as an investor by waiting for intrinsic value &amp; the stock price to “true up.”</p><p>01:02:25 - Why he regards a legendary free soloist climber as the world’s greatest risk manager.</p><p>01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.</p><p>01:16:02 - Why he’s given three younger colleagues the authority to veto his stock picks.</p><p>01:24:26 - Why he “seals the exits” before buying a stock, assuming that he’ll own it forever.</p><p>01:34:29 - Why fund managers should sacrifice their own interests for the sake of their clients.&nbsp;</p><p>01:37:56 - What advice he’d give to people who are looking to hire an investment adviser.</p><p>01:42:09 - Why he believes that relationships &amp; purpose are the two most important things in life.</p><p>01:45:48 - What he’s done to build good health, so that he’s still going strong at age 76.</p><p>01:47:24 - How his religious faith has made him a better investor &amp; a better steward of assets.</p><p>01:50:10 - What he’s learned about how to endure sorrow &amp; tragedy.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Fred Martin’s investment firm, <a href="https://dginv.com/" rel="noopener noreferrer" target="