*Want to invest like the best? Get Mohnish's investment playbook:* https://clickhubspot.com/fks
Episode 808: In this special episode, we’re pulling together the most replayed moments from our episodes with value investors like Mohnish Pabrai, Howard Marks and Guy Spier.
—
Show Notes:
(0:00) Mohnish Pabrai: How to turn $10K into $1M
(3:56) Howard Marks: The S&P 500
(9:29) Guy Spier: Finite and Infinite Games
(14:47) Mohnish Pabrai: Circle the wagons
(17:58) Howard Marks: Recommended Reading
(23:03) Mohnish Pabrai: The most important thing
(27:16) Howard Marks: “When the time comes to buy, you won’t want to”
(31:17) Guy Spier: Don’t study lottery winners
—
Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Best of MFM: Watch This Before You Invest Another Dollar
Here’s something that might surprise you — before you throw your next dollar into the market, take a breath and think like a seasoned investor. According to My First Million, the real game-changer isn’t chasing the hottest stocks but understanding the mindset of value investors like Mohnish Pabrai, Howard Marks, and Guy Spier. Pabrai tips us off that turning $10K into a million isn’t magic — it’s about patience, circling the wagons when others panic, and sticking to your principles. Meanwhile, Howard Marks reminds us that the best time to buy? Usually when everyone else is freaking out. And Spier adds that studying lottery winners isn’t the way to go — focus on consistent, disciplined investing instead. So what does this actually mean for you? It’s about playing the long game, avoiding hype, and preparing to act when others hesitate. My First Million boils it down: investing isn’t about luck. It’s about patience, insight, and staying calm when everyone else is losing theirs.
Audio Transcript
*Want to invest like the best? Get Mohnish's investment playbook:* https://clickhubspot.com/fks
Episode 808: In this special episode, we’re pulling together the most replayed moments from our episodes with value investors like Mohnish Pabrai, Howard Marks and Guy Spier.
—
Show Notes:
(0:00) Mohnish Pabrai: How to turn $10K into $1M
(3:56) Howard Marks: The S&P 500
(9:29) Guy Spier: Finite and Infinite Games
(14:47) Mohnish Pabrai: Circle the wagons
(17:58) Howard Marks: Recommended Reading
(23:03) Mohnish Pabrai: The most important thing
(27:16) Howard Marks: “When the time comes to buy, you won’t want to”
(31:17) Guy Spier: Don’t study lottery winners
—
Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /