RWH021: Investing Amid Uncertainty w/ Joel Greenblatt, Bill Miller, Howard Marks, & François Rochon

<p>William Green showcases some of the most valuable insights from four investing superstars who have recently appeared on the Richer, Wiser, Happier podcast: Joel Greenblatt, Bill Miller, Howard Marks, &amp; François Rochon. Here, these famed investors share practical lessons on how to deal with uncertainty &amp; handle the emotional challenges of investing in turbulent times. William adds his own observations, drawing on his conversations with these great investors &amp; with legends like Sir John Templeton, Peter Lynch, &amp; Charlie Munger.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>03:34 - How a disastrous investment taught Joel Greenblatt that anything can happen.</p><p>10:34 - What Fidelity legend Peter Lynch learned from a shocking setback early in his career.&nbsp;</p><p>12:06 - How to protect ourselves from uncertainty, bad luck, &amp; our own analytical mistakes.</p><p>12:49 - Why Howard Marks warns that you shouldn’t push the limits if you want to avoid ruin.</p><p>14:48 - How Joel Greenblatt deals with mistakes by learning from them, then moving forward.</p><p>28:08 - How Joel handles the “kick in the stomach” when an investment goes wrong.</p><p>35:02 - How to succeed by taking advantage of the wild emotional mood swings of the crowd.</p><p>38:30 - Why stock pickers must learn to value businesses, buy at a discount, &amp; then wait.</p><p>40:17 - How Bill Miller handles the discomfort of brutal losses during the most turbulent times.</p><p>43:00 - What Bill advises regular investors to do so they can endure the pain of market mayhem.&nbsp;</p><p>44:33 - Why Howard Marks says we need to be honest about our tolerance for risk &amp; loss.</p><p>46:06 - How the best investors diversify or concentrate in ways that suit their temperament.&nbsp;</p><p>50:07 - Why Howard believes that “emotion is the greatest enemy of superior investing.”</p><p>52:35 - How Sir John Templeton thrived by hunting for bargains in the most-hated markets.</p><p>1:00:41 - Why