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, and how to build a happy life. IN THIS EPISODE, YOU’LL LEARN 00:00:00 - Intro 00:03:22 - What Bryan Lawrence learned from his hugely successful father. 00:21:50 - What Charlie Munger taught Bryan.  00:33:31 - How Shelby Cullom Davis turned $200,000 into $800 million. 00:40:13 - How Bryan has consciously built an investing edge. 00:44:47 - What he learned from meeting Warren Buffett. 00:49:00 - Why Bryan looks for three specific characteristics in any business. 00:54:39 - How to beat the market by making infrequent bets.  01:02:45 - Why he’s obsessed with identifying where he’s wrong. 01:14:33 - How he searches for new investment ideas. 01:19:21 - How he structures his day. 01:27:38 - How to think rationally about fossil fuels & climate change. 01:57:32 - How to build a happy life & great relationships. 🤝 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig and the other community members: https://theinvestorspodcast.com/mastermind 🏡 Make more from your vacation home by doing less. Partner with Vacasa today. https://vacasa.com/ 📈 Learn to invest like legend investors do — from the company that has interviewed them. Use YOUTUBE15 to get 15% off! https://theinvestorspodcast.podia.com/how-to-get-started-with-stocks 💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ ▶️ RELATED EPISODES: - Stock Investing Masterclass w/ Bryan Lawrence: https://youtu.be/VkbKYud2HXo - What I’ve Learned From Warren Buffett & Charlie Munger w/ Chris Davis: https://youtu.be/Oeo66H4lM-g - Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis: https://youtu.be/uZFB3EVCBbw - How to Build Enduring Wealth w/ Guy Spier: https://youtu.be/Nps8i1Pl9hU 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/richer-wiser-happier/how-to-beat-the-market-w-bryan-lawrence/ 📖  BOOKS MENTIONED: - Poor Charlie’s Almanack by Charlie Munger: https://amzn.to/3Jx7YNf - Undo It by Dean Ornish & Anne Ornish: https://amzn.to/3Qdhglp - Influence by Robert Cialdini: https://amzn.to/3JtLHA5 - The Consolations of Philosophy by Alain De Botton: https://amzn.to/3QgpbOU - Difficult Conversations by Douglas Stone, Bruce Patton, & Sheila Heen: https://amzn.to/3JDUC1D - The Davis Dynasty by John Rothchild: https://amzn.to/3UaFKg9 - How the World Really Works by Vaclav Smil: https://amzn.to/3WcApaY - Sustainable Energy Without the Hot Air by David Mackay: https://amzn.to/3Wciy3G - Getting There by Gillian Zoe Segal: https://amzn.to/3W8euld Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life. 🌍 Website: https://www.theinvestorspodcast.com/richer-wiser-happier/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.