TIP712: Advice for My Twenty-Year-Old Self w/ Stig Brodersen

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 6 April 2025

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today's episode, Stig Brodersen shares 20 pieces of advice with his 20-year-old self. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - Why the limits of your language are the limits of your world 06:35 - Why you need to leave your comfort zone 09:05 - Why you can grow from making yourself vulnerable 21:29 - Why you can have anything but not everything 33:29 - Why you should do what you say and say what you do 53:02 - Why you should be intentional with your relationships - but not too much Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here. Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Stig’s blog post on his portfolio and track record since 2014. Stig’s podcast on his journey into financial independence. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Hardblock Found DeleteMe Fundrise CFI Education Vanta Shopify Onramp TurboTax HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.7	The philosopher, Sean Kiggo, famously said,
0:06.6	you must live your life forward, but it can only be understood backward.
0:11.6	Turning forwarded last year, I hope I still have more time left in the hourglass that I've spent,
0:16.3	but I've increasingly become aware that there's a number to everything in life,
0:20.5	a number for how many sunrises everything in life, a number for how
0:21.1	many sunrises you'll see, and number for how many podcast episodes you record, and how many
0:26.5	reruns are the TV show Friends you can watch, and number for everything in between.
0:32.4	And it's the scarcity that makes the number precious, and it's the scarcity that makes the alternative
0:37.0	so much worse.
0:39.0	In this podcast episode, I want to give myself 20 pieces of advice I wish I knew at age 20.
0:44.8	Of course, the very premise of this can and should be challenged.
0:48.2	For example, if I spoke with my 20 year itself, I could have talked about marriage, the
0:53.0	decision of whether or not to have kids,
0:55.0	and about sacrifice in investing and life. But the conversation would be fruitless. I couldn't
1:00.8	put it into context to anything. At last, perhaps it is true. You can only live your way forward
1:06.9	and it can only be understood backward. It's for that reason that I call this episode
1:11.7	2020. As in hindsight, it's always 2020. And I like to think I learned a thing or two about
1:18.8	life business and investing since I turned 40 that I didn't know whenever I was 20, but there
1:23.5	was still so much more that I don't know. So perhaps when I'm 50, I'll record an episode about 40 things I wish I knew when I was only
1:31.5	40.
1:32.3	But until then, let's go.
	...

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