William Green chats with Christopher Tsai, President & Chief Investment Officer of Tsai Capital. Christopher, who’s beaten the S&P 500 over the last 24 years, explains why Tesla is his biggest position, why investors routinely underestimate the impact of disruptive technologies, why it was so challenging to be the son of America’s first celebrity fund manager, what 3 habits help him most, & what he learned from his famed mentors, Peter Kaufman & Charlie Munger. IN THIS EPISODE, YOU’LL LEARN 00:00:00 - Intro 00:01:10 - How Christopher Tsai’s family survived war & oppression in China. 00:16:02 - How his father became America’s first celebrity fund manager. 00:30:59 - What lessons Christopher drew from his father’s successes & failures. 00:39:18 - Why Tesla is Christopher’s biggest investment. 00:42:58 - Why we tend to underestimate the impact of disruptive technologies. 01:13:44 - Why the costliest mistake is to sell great compounders too early. 01:17:38 - How his views on diversification have changed. 01:09:52 - What tailwinds he’s riding with Microsoft, Visa, & Mastercard. 01:20:06 - What 3 habits help him to be focused, peaceful, & productive. 01:50:20 - How he became a money manager at 16. 01:59:58 - What Peter Kaufman taught him about the 7 steps to success. 02:16:52 - Why Christopher won’t invest in China. 02:21:02 - What Charlie Munger taught him. 🤝 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: - Hunting for Super Stocks w/ Peter Keefe: https://youtu.be/9qRCnCwQylw - Elon Musk by Walter Isaacson | Lessons from the World's Richest Person: https://youtu.be/_GSRMVD8olc - Valuing Tech Stocks w/ Adam Seessel: https://youtu.be/Uzy1chIKAWk - Value Investing in the Digital Age w/ Adam Seessel: https://youtu.be/0YOUtL9ixFk - Investing Legend Bill Miller On Apple, Amazon, Bonds, & Tesla: https://youtu.be/K7Rx_-pkFlM - Tesla Deep Dive w/ Ryan Reeves: https://youtu.be/eipTPRo4wCs - Tesla Stock Analysis w/ John Engle: https://youtu.be/6ZLVSOc-5I4 - Tesla Stock Analysis, SpaceX, Virgin Galactic, and Elon Musk w/ John Engle: https://youtu.be/zylPrUMrIrg 🎧 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/real-success-w-christopher-tsai/ 📖  BOOKS MENTIONED: - In Search of Lost Time by Marcel Proust: https://amzn.to/3wO6qvE - Where the Money Is by Adam Seessel: https://amzn.to/4bkqqoF - The Good Neighbor by Maxwell King: https://amzn.to/3QXY6jQ 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.