In this episode, William Green chats with Bryan Lawrence, a highly successful hedge fund manager who runs an investment firm called Oakcliff Capital. Bryan almost never gives interviews, so this is a rare opportunity to hear him speak in depth about the advantages of a concentrated value strategy, how he finds new investments, what 6 questions he asks when analyzing any stock, what he’s learned from Buffett & Munger, & how to build a happy life.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro05:42 - What Bryan Lawrence learned from his hugely successful father.16:30 - What Charlie Munger taught Bryan. 33:07 - How Shelby Cullom Davis turned $200,000 into $800 million.39:14 - How Bryan has consciously built an investing edge.43:25 - What he learned from meeting Warren Buffett.47:15 - Why Bryan looks for three specific characteristics in any business.59:18 - How to beat the market by making infrequent bets. 1:08:19 - Why he’s obsessed with identifying where he’s wrong.1:10:17 - How he searches for new investment ideas.1:14:32 - How he structures his day.1:44:20 - How to think rationally about fossil fuels & climate change.1:49:1 - How to build a happy life & great relationships.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
<li>Bryan Lawrence’s investment firm, <a href="https://oakcliffcapital.com/">Oakcliff Capital</a>.
</li>
<li>Check out <a href="https://www.amazon.com/Poor-Charlies-Almanack-Essential-Charles/dp/1953953239?pd_rd_w=NGCkN&content-id=amzn1.sym.1ad2066f-97d2-4731-9356-36b3edf1ae04&pf_rd_p=1ad2066f-97d2-4731-9356-36b3edf1ae04&pf_rd_r=1AHDRE01VQ34TBAZ93RD&pd_rd_wg=I62c2&pd_rd_r=3b291d5c-8565-49d6-8e4d-79d748e910e7&pd_rd_i=1953953239&psc=1&linkCode=ll1&tag=tipnetwork-20&linkId=72a125f20ff71f63858dc8888eec852c&language=en_US&ref_=as_li_ss_tl">Poor Charlie’s Almanack</a>.
</li>
<li>Dean Ornish & Anne Ornish's book <a href="https://www.amazon.com/Undo-Lifestyle-Changes-Reverse-Diseases/dp/0525480021?crid=8GAGQZXA40SB&dib=eyJ2IjoiMSJ9.ZcoiNC1JpjLGOsgZmBxeOUXh0jjmaGm8Ag8-N3lTiboZUmdQAK4LgU7n-l6RmpXz2vgnXKbAgVY20uyWCUKAzVbapYgBCi6RmAq0QDI0F5WULhKXpsZ__NtYfQmGce76y3xUeoJV8cRbnUjX8Jl8E74ZvyGCYG4wWNo26b5VbEgqmiTcSQzjES3CPPZCNiMRcX0e3D7bbIX1ZSWmuKWbsJFq4jMuVoT9xs515MMOuWs.TE9-OZdnz0LMwjRbvwPst5yB1I3AoFeNIwPGGLatMQs&dib_tag=se&keywords=undo+it+book+by+dr+ornish+paperback&qid=1713787740&s=books&sprefix=undo+it%2Cstripbooks%2C96&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=aa898c8495f57756f8e509b6333f3d7b&language=en_US&ref_=as_li_ss_tl">Undo It</a>.
</li>
<li>Robert Cialdini's book <a href="https://www.amazon.com/NEW-Influence-Psychology-Persuasion-New-Expanded/dp/B09VQ3XCZV?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.JCumAfWDg5tgTnMbK4o9I8qIpQKChFv1cDW8DisKQ-vDU44ATCXZQxs-cGAULEAMLAL1bYv5Ici1wFQYO-0Kyxer5NKd0HuAjvMLFKYbMt5MNZVnb_SGcWHj41pASjY38t-JVTR1wE-cXYTgE79mcYzsGiPKBTikLiNaocPtu41tuqg3uYWceSz3a7grESeF03gGYfsA4JlJedzioWOf9vJ3rENurZ1FlAbrlKT2-TM.xJSvxnfVamkBVK3QRlwWlOWMhju94nYdY1Y4JXYrfOo&qid=1713787792&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=387eaf76dd6f9b14ab7be9a3b19fa132&language=en_US&ref_=as_li_ss_tl">Influence</a>.
</li>
<li>Alain de Boton's book <a href="https://www.amazon.com/Consolations-Philosophy-Alain-Botton/dp/0679779175?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.eZ0y_0Yn4Afw49A3Ukj-BjTZVwCqhStpwryivTSWsBm37RjBnUzK2UnDADkhVe_dEBNjcLzMMKpw8TXcICLytO3-SmtOPG5UVGuK5tSDMpQNs-oXmZMSUqPK9LAStn5_a8rX_kzLc8eg_jaNRMyMEE-4pYFJKg4gVSGMjsg6cSUCGoXjgn5qw9VxlhrJHKU_qcPNZAyECuO2G-Z9ZjpodohQiX1D5g5KuVIH07IxcyI.RmX_n0KLzUJoFSpcQhOKR75eV_xQBp-iW8AtU-9ff-c&qid=1713787840&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=1f6a72b1aea45ae2c07493b10731cc0d&language=en_US&ref_=as_li_ss_tl">The Consolations of Philosophy</a>.
</li>
<li>Douglas Stone, Bruce Patton, & Sheila Heen's book <a href="https://www.amazon.com/Difficult-Conversations-Discuss-What-Matters/dp/014313759X?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.Epy33a4fkpqMaINt-37XyohYd_nunubQjn0zB0Hj4TFAz6k2_3mAYZ7fC-uJN3yV4njOm4Tdb5JdAElLrxSzyBkwSqioAQAdnslL8ZKort7mUedPE6MABVufEYsI8z7pWvAI00wWZ6cuD2PlDvNHi0YwpCT6tyPAb7rGEM5yWSD1hfRsKxBYA-VHDiHF21M-754gX-YvRadw5-VrHW7FXa8_OcfIdrIN7CT6BrwBzFg.e3p1cglshhdgdt00uEsMOsqFW6knPH-afFx4dRUXzfo&qid=1713787880&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=0ac87c1d0fd86c2aec7e4a6abffe444a&language=en_US&ref_=as_li_ss_tl">Difficult Conversations</a>.
</li>
<li>John Rothchild's book <a href="https://www.amazon.com/Davis-Dynasty-Successful-Investing-Street/dp/047147441X?crid=3E09UZD8IENP1&dib=eyJ2IjoiMSJ9.2_tDf5D4yXSPdwt3GxbNNtRZNlnBt2Mg7-jr8KXNJ3_wcgVH5IjESAslbffO-_dDvw1ZZ_VQZftGkKsnuSxRNumF-TSdxY1XyajJXMOFeNeT9QM-gqYxuBYrSS3u8auqEwY3WvIZ6qv8MCNJMtkzztvxwnGm6jxMfg5_IL7-eM1BksnYrUhl0htMaUbZ5xHXLTpfxyjNh7WrEfk3ph43TUhx1INoB1aAfeeJS_D6oSo.NcyeIV3yZZCqnKMLYNqm34uZCjfT4-Fu19GACBcHg08&dib_tag=se&keywords=davis+dynasty&qid=1713787939&s=books&sprefix=davis+dynasty%2Cstripbooks%2C75&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=b294b35b401859389210ea2130b43684&language=en_US&ref_=as_li_ss_tl">The Davis Dynasty</a>.
</li>
<li>Vaclav Smil's book <a href="https://www.amazon.com/How-World-Really-Works-Science/dp/B09FC3D9ZQ?crid=VX8YW9QP05TG&dib=eyJ2IjoiMSJ9.S9g0IofVdRildUZeF2YetM3Hh1nADiInIQqI4BAt12RfhwXsRtZ2QSuMtcLOI7weKanu26C_OEY5xzW57l_SLYkbNxREBbpHeVwDuyegCmP-c9Zduj9m1ClcTdwdS5WBSEQVPT2UWjipBEe703iCgcePFGDaauvC4xRM7EE-mEEUWGfl4i5FJiQEUQnKc5JlAMI5wj_rnK6nqNKVAylSEskHZt0b0Fyv1LidTg4jOH0.Vw1K9v4uXasiFcZ5WKn3mu9lx1tqZnxdv8_RV0VfxYQ&dib_tag=se&keywords=how+the+world+really+works&qid=1713787995&s=books&sprefix=how+the+world%2Cstripbooks%2C82&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=bee3fc4f9335622b33b3ebc5952bb410&language=en_US&ref_=as_li_ss_tl">How the World Really Works</a>.
</li>
<li>David Mackay's book <a href="https://www.amazon.com/Sustainable-Energy-Without-Hot-Air/dp/0954452933?crid=3N7HWB17IX959&dib=eyJ2IjoiMSJ9.-aGc8rPnE-kNhF22wg-lBA.k1YlXTKwDsZSSxIpQsh7XQOlOll6_W-b_Cvnq3ClhAo&dib_tag=se&keywords=sustainable+energy+without+the+hot+air+by+david+jc+mackay&qid=1713788031&s=audible&sprefix=sustainable+energy+with%2Caudible%2C60&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=d3a7520226ebda873ff0e4617ade0bdd&language=en_US&ref_=as_li_ss_tl">Sustainable Energy Without the Hot Air</a>.
</li>
<li>Gillian Zoe Segal's book <a href="https://www.amazon.com/Getting-There-Gillian-Zoe-Segal/dp/1419715704?_encoding=UTF8&dib_tag=se&dib=eyJ2IjoiMSJ9.TUjaaJF9fLZiZUEb2GP1RTcz0DJatvyMZGEc2QPvf9U.4lBup6ZNfMkJFggufOKU7-KGk-qF9RTTV3fc4wNQepc&qid=1713788069&sr=1-1&linkCode=ll1&tag=tipnetwork-20&linkId=2d43fe4990cac5f01d04b41805d6fe60&language=en_US&ref_=as_li_ss_tl">Getting There</a>.
</li>
<li>William Green’s podcast interview with <a href="https://link.chtbl.com/RWH035">Chris Davis</a> | <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/learning-from-warren-buffett-charlie-munger-w-chris-davis/">YouTube Video</a>
</li>
<li>William Green’s book, “Richer, Wiser, Happier” – <a href="https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856?&linkCode=ll1&tag=tipnetwork-20&linkId=a98dff97ef63d3fe1535740b72aab935&language=en_US&ref_=as_li_ss_tl">read the reviews of this book</a>.</li>
<li>Follow William Green on <a href="https://twitter.com/williamgreen72">X</a>.
</li>
<li>Check out all the books mentioned and discussed in our podcast episodes <a href="https://prodcast.io/rwh">here</a>.</li>
<li>Enjoy ad-free episodes when you subscribe to our <a href="https://premium.theinvestorspodcast.com/">Premium Feed</a>.</li>
</ul><h3>NEW TO THE SHOW?</h3><ul>
<li>Follow our official social media accounts: <a href="https://twitter.com/TIP_Network">X (Twitter)</a> | <a href="https://www.linkedin.com/company/the-investor's-podcast/">LinkedIn</a> | | <a href="https://www.instagram.com/theinvestorspodcastnetwork/">Instagram</a> | <a href="https://www.facebook.com/TheInvestorsPodcast">Facebook</a> | <a href="https://www.tiktok.com/@theinvestorspodcast">TikTok</a>.</li>
<li>Browse through all our episodes (complete with transcripts) <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/">here</a>.</li>
<li>Try our tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/">TIP Finance Tool</a>.</li>
<li>Enjoy exclusive perks from our <a href="https://www.theinvestorspodcast.com/affiliates/">favorite Apps and Services</a>.</li>
<li>Stay up-to-date on financial markets and investing strategies through our daily newsletter, <a href="https://www.theinvestorspodcast.com/newsletters/">We Study Markets.</a>
</li>
<li>Learn how to better start, manage, and grow your business with the <a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/">best business podcasts</a>. 
</li>
</ul>SPONSORSSupport our free podcast by supporting our <a href="https://theinvestorspodcast.com/sponsors">sponsors</a>:<ul>
<li><a href="https://river.com/fundamentals">River</a></li>
<li><a href="https://buyatoyota.com/">Toyota</a></li>
<li><a href="https://meyka.com/">Meyka</a></li>
<li><a href="https://business.att.com/">AT&T</a></li>
<li><a href="https://vacasa.com/">Vacasa</a></li>
<li><a href="https://www.fidelity.com/">Fidelity</a></li>
<li><a href="https://monarchmoney.com/wsb">Monarch Money</a></li>
<li><a href="https://yahoofinance.com/">Yahoo! Finance</a></li>
<li><a href="https://longangle.com/">Long Angle</a></li>
<li><a href="https://public.com/">Public</a></li>
<li><a href="https://usps.com/advantage">USPS</a></li>
<li><a href="https://americanexpress.com/businessgoldcard">American Express</a></li>
<li><a href="https://shopify.com/wsb">Shopify</a></li>
</ul>HELP US OUT!Help us reach new listeners by leaving us a<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit"> rating and review</a> on<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489"> Apple Podcasts</a>! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>Support our show by becoming a premium member! <a href="https://theinvestorspodcastnetwork.supportingcast.fm">https://theinvestorspodcastnetwork.supportingcast.fm</a>

Podurama

Home

Trending

Personal

Your Podcasts

New Episodes

My Files

Favourite Episodes

Tags (Folders)

Recently Played

Bookmarks

Followed Playlists

RWH044: How To Beat The Market w/ Bryan Lawrence

We Study Billionaires - The Investor’s Podcast Network