LONDON, October 27, 2014 /PRNewswire/ --
New book tells the story of how a financial 'rising star' who paid $650,000 for lunch with Warren Buffett saw the light and changed from the life of a 'Wall Street Wolf heading for jail' to a champion of ethical investing
What do you do when you realise that your ideas, beliefs and the career path that you've resolutely set yourself on, are all false? How do you save yourself when, all of a sudden, you're standing on the edge of a moral precipice? And how, as an Oxford-educated former classmate of David Cameron, do you stop yourself from becoming yet another 'Wolf of Wall Street'?
The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment (Palgrave Macmillan, 2014) is the real-life story of Guy Spier's transformation from a young hedge fund manager increasingly at odds with the murky world of Wall Street to a value investor confident in the path that he has chosen for himself. The turning point? A bid of $650,100 at a charity auction to have lunch with a living legend: Warren Buffett. And with it, the realisation that it's possible to be successful and personally happy without selling your soul to the highest bidder.
For Spier, that lunch became a 'life-line'. Discovering value investment, he set out on a new path guided by Buffett's philosophy, intent on becoming a better investor as well as a more fulfilled individual. Along the way, he learned key lessons that his Oxbridge and Ivy League education didn't provide: that it is too easy 'to get sucked into the wrong environment and make moral compromises that can tarnish us terribly,' and that 'we should stick close to people who are better than us, so we can become more like them.'
Recently released in the US, The Education of a Value Investor will be officially launched in the UK on 30th October 2014.
It is an honest and revealing account of the inner life of a Wall Street man, and what he learned from his best and worst investment and career choices. More importantly, his lesson is that if you can't change the system, change yourself - it is time for bankers to stop relying only on regulators, but to take responsibility for the everyday decisions they make. Spier provides those who want to take a different path with insight, guidance and inspiration to succeed on their own terms, non-investors included.
At a time when today's new generation of graduates tries to reconcile their career path choices with their values and ambitions, The Education of a Value Investor reveals why a top-notch education can get in the way of success; how the right heroes and mentors can teach you more than a Harvard MBA; and how the greatest lessons from Warren Buffett have less to do with investing and more to do with staying true to yourself.
About the book:
The Education of a Value Investor
By Guy Spier
Publication date: September 9, 2014
About Guy Spier:
Guy Spier has run the Aquamarine Fund for the last 17 years. He launched it with $15 million in assets, closely replicating the approach of Warren Buffet's original partnerships. Guy was educated at Brasenose College, Oxford (where he was a tutorial partner of British Prime Minister David Cameron) and at Harvard Business School. He did stints in management consulting and investment banking before starting his fund. He has appeared on CNN, CNBC, Bloomberg and the Fox Business Network.
SOURCE Aquamarine Fund