The Joy is in the Journey
The Investor's Podcast Network
The Investor’s Podcast Network is a business podcast network. Our main show “We Study Billionaires” has 150M+ downloads.
By Matthew Gutierrez · April 21, 2024
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?? They say people with glasses just look smarter. But reading glasses really do help millions see better, reduce eye strain, and prevent headaches.
And now, they might lead to higher earnings, particularly for folks in low-income communities.
Researchers gave reading glasses to hundreds of farsighted adults in 56 villages in Bangladesh. Eight months later, their median income grew by 33% compared to those without glasses. People who weren’t working could get jobs after getting a pair of free glasses, too.
“This is the first time we can really say that something that will improve someone’s quality of life from a visual standpoint will also help with poverty alleviation, which is an enormous finding,” one expert noted.
Below, we share a fresh interview with the co-founder and CEO of The Investor’s Podcast Network, Stig Brodersen.
All this, and more, in just 5 minutes to read.
— Matthew
Quote of the Day
"A happy man is too satisfied with the present to dwell too much on the future."
— Albert Einstein
Together With Masterworks*
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What Else We’re Into
?? WATCH: Inside China’s $100 billion-plus shipbuilding empire ?
?? LISTEN: A decade outperforming the Nasdaq with Brian Stoffel
?? READ: Howard Marks: The Indispensability of Risk
Trivia
Basketball star Caitlin Clark will earn only about $76,000 annually through her WNBA salary, but about how much will she make this year in endorsements?
Stig Brodersen: Investing, Leading, and Markets
A lifelong learner
For most of our community, Stig Brodersen needs no introduction. A value investor, author, former college professor, and owner of investment company Stig Brodersen Holding, Stig co-founded The Investor’s Podcast Network in 2014, just as the podcasting scene was taking shape.
In this conversation, Stig discusses his general investment philosophies, lessons learned, how he structures his day, how he leads our team of about 25 people, and much more.
What is your first memory of money?
I had a piggy bank as a kid where I collected loose change. When I was 8 or 9 years old, my mother asked me what I wanted to spend my money on. I’m sure she thought I saved up for a toy or something like that. I distinctly remember telling her that I had already started saving up for my retirement(!).
Delaying gratification has always been easy for me. It is likely too easy, and I often have problems “living in the moment.” On the flip side, it likely also means that I’m wired for long-term investing. It’s been over a year since I last bought a new stock, and I wonder if I have been overtrading. In life and investing, extreme patience is a virtue, but ironically, the opposite is also true.
Tell readers about your road to being fascinated with the investing world.
At age 19, I took a gap year and traveled to Australia and New Zealand. It was quite an adventure, and I, for some reason...