Monday, September 1, 2014

Guy Spier on finding the right environment

Though I already had the Kindle format of The Education of a Value Investor on pre-order (it comes out next week), the publisher was also kind enough to send me a review copy. I'm just getting into it but it appears to be a very honest telling of Guy's journey that will be full of great stories and advice along the way. Here is an example of some good advice given by Guy after discussing the first job he took out of business school, which he regretting taking: 
... I think it's important to discuss just how easy it is for any of us to get caught up in things that might seem unthinkable--to get sucked into the wrong environment and make moral compromises that can tarnish us terribly. We like to think that we change our environment, but the truth is that it changes us. So we have to be extraordinary careful to choose the right environment--to work with, even socialize with, the right people. Ideally, we should stick close to people who are better than us so that we can become more like them.