Angus Fletcher

speaker

2,582 appearances 3 recordings 2 series first heard Mar 2025 last heard 8 Jul

Angus Fletcher’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jul 2026 with 1.

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Tetragrammaton with Rick Rubin · Angus Fletcher · 8 Jul 2026 podcast

And markets are inherently contested spaces driven by innovations.

There's no way to predict them.

But we have all these economic theories that are essentially trying to tell governments how to invest in the future, how to run their economies and so forth, which are all based on a total fundamentalist misunderstanding of how life works.

They're based on the idea that life is logical, not biological.

What did Benjamin Graham do differently?

What Benjamin Graham did differently is that he said, well, you can't predict the future, but what you can do is you can determine how valuable something is.

So actually what I'm gonna do is I'm gonna go around to companies and I'm gonna figure out which companies have a certain value, but according to the stock market,

Undervalued.

They're undervalued.

Yeah.

So I'm going to start buying things that I think are undervalued.

And then I'm just going to hold on to them for a long period of time because over time, no matter whether things go up or down, eventually that value is going to be realized.

And so he developed that method of investing and he passed it on to Warren Buffett.

And Warren Buffett, of course, makes a lot of money off of that.

But Warren Buffett also innovated that in various ways.

And one of the ways that Warren Buffett innovated it, which I think was fascinating, is he said, you know, I'm not just investing in a company's value.

I'm investing in the people in the company.

And I want to go talk to those people.

And in particular, I want to see if they have common sense.

Because if the people who are running the company have a high degree of common sense, then I know that no matter what happens in the future, they're going to make smart decisions.

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