By
Borsgade
In a recent interview, Guy Spier discusses the importance of taking risks, especially for individuals in their twenties. He suggests that this period is ideal for career and financial risks due to the ample time available to recover from failures.
Guy encourages embracing opportunities such as startups and speculative investments, emphasizing that even failures can offer valuable lessons. He references Mohnish Pabrai’s strategy of taking calculated risks on asymmetric opportunities, where the potential gains significantly outweigh the losses. Spier concludes that avoiding risks when young can lead to significant regrets later in life.
I actually think that I’ve been extremely suboptimal in terms of taking risks. So first of all, when you’re in your twenties, you should take a lot of risks—not with your life, but career risks, financial risks—because you have lots of time to recover from them.
So it is suboptimal when you are young, not to go to work for that startup, not to invest in that speculative stock, because when you take a risk and it works out, you win, and when it doesn’t work out, there’s an enormous learning opportunity.
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
In his 2025 Annual Investor Presentation, Bill Ackman provides his view on Pershing Square Holdings (PSH) strategic roadmap. Bill also shares his in depth thoughts on the portfolio and key business developments in the companies he owns such as Nike, Brookfield and Uber.
In this interview, British investing icon Terry Smith, the manager of the UK’s largest stock fund Fundsmith, shares his lessons after a lifetime of investing. Terry delves into the skills, personality traits, and principles that propelled him from humble beginnings to the top of the investing world.
In his recent article, NYU professor Aswath Damodaran discusses the disruptive entry of DeepSeek, a Chinese AI company, into the artificial intelligence (AI) landscape and its implications for the broader AI narrative.
In this article, AQR assess the assumption built into today’s market and what that likely will mean for forward returns. These insights aim to guide investors in setting realistic medium-term (5-10 years) expectations while emphasizing the importance of valuation discipline and diversification in navigating compressed risk premia across asset classes.
