Guest: Tren Griffin
iTunes: Stream Episode
Tren Griffin is a Senior Director at Microsoft, doing strategy, competitive analysis and business development, with a focus on software platforms and business models. He creates and helps execute “go to market” plans, working closely with the engineering and marketing teams. Before that, he was a partner at Eagle River, a private equity firm controlled by Craig McCaw with investments in software, communications and other technology industries including Nextel, Nextel Partners and many start-up firms. During some of this time served as an officer of portfolio companies XO Communications (VP Strategy) and Teledesic (VP Business Development).
Tren recently released his new book, Charlie Munger: The Complete Investor. The book presents the essential steps of Munger’s investing strategy, condensed from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham’s value-investing system, Munger’s approach is straightforward enough that even novices can apply it to their portfolios. Not simply about stock picking, it’s about cultivating mental models for your whole life, but especially for your investments.
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[3:57] What you’re looking for as a value investor
[8:42] How FOMO is hurting investors and how value investing avoids it
[13:35] If the corruption on Wall Street is impacting the Munger’s and Buffett’s of the world
[19:09] If the level of intelligence and activity on Wall Street makes it impossible for the average investor to have an edge
[24:03] Why the Warren Buffett’s of the world don’t care what the market is doing right now and in the near future