Today’s guests — Eddie Palmgren and Niklas Sävås are passionate about learning and investing. They are the hosts of Investing by the Books podcast and work at Redeye, an investment bank in Stockholm, Sweden.

It’s a wide-ranging rich discussion from inheritance to immortality and everything in between.

Today, they both share with me not only their childhood stories but also family histories that shed light on their curiosity about money and investing. You know how interested I am in family fortunes, and my guests have stories to tell.

We talk about their podcasting experience hosting their wonderful Investing by the Books podcast. My guests share ideas, books, and lessons. Eddie and Niklas introduced me to serial acquirers, a unique type of business they are especially interested in. They shared more about Sweden, where they live, and the wonderful events they host yearly. Stay tuned until the end, when Eddie and Niklas tell me how they look at success from their own perspective.

It wasn’t my first chat with my guests, and I’m grateful they sat down with me and talked about their passions, interests, and stories. I greatly enjoyed every minute of it, and I trust you will, too.

Please help me welcome from beautiful Sweden — Eddie and Niklas.

NOT INVESTMENT ADVICE.

In this conversation, Eddie and Niklas discuss their childhood upbringing and their relationship with money. They also talk about the importance of long-term thinking in investing and share their investing styles. They reflect on their experience hosting the Investing by the Books podcast and the impact it has had on their listeners.

They discuss the value of time and money and how they prioritize their time. Finally, they explore the concept of immortality and how they would live their lives if they were immortal.

The conversation explores the impact of books on thinking and investing, the concept of investing with an immortal life, the importance of wealth preservation, the power of multidisciplinary thinking, the impact of survival stories on risk perception, navigating risks and unknowns in investing, the importance of trust in public markets, the different types of serial acquirers, and the case study of Teledyne and Henry Singleton.

In this conversation, Eddie and Niklas discuss principles of success, their upcoming conference, and their personal definitions of success. They emphasize the importance of financial independence and following principles taught by successful individuals like Warren Buffett. They also highlight the value of having friends and family who love and admire you for living an honest and good life.

The conversation explores the power of habits and the importance of finding happiness in everyday life. Ultimately, they encourage listeners to enjoy the journey of life rather than focusing solely on winning and losing.

Chapters:

05:36 Introduction

07:42 Childhood Upbringing and Relationship with Money

14:53 The Importance of Long-Term Thinking

22:22 The Why of Investing and Investing Style

30:12 The Experience of Hosting a Podcast

36:50 The Question They Ask Their Guests

41:02 The Value of Time and Money

43:51 The Concept of Time and Immortality

44:55 The Impact of Books on Thinking and Investing

46:56 Investing with an Immortal Life

48:16 Investing for Long-Term Preservation

50:09 The Importance of Wealth Preservation

53:55 The Power of Multidisciplinary Thinking

55:19 The Impact of Survival Stories on Risk Perception

58:11 Navigating Risks and Unknowns in Investing

01:02:24 The Importance of Trust in Public Markets

01:04:44 The Different Types of Serial Acquirers

01:10:06 The Case Study of Teledyne and Henry Singleton

01:26:26 Principles of Success

01:27:50 The Conference

01:30:25 Defining Success

01:32:57 Finding Happiness

01:34:55 The Power of Habits

01:36:06 Enjoying the Journey

NOT INVESTMENT ADVICE.

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Eddie Palmgren and Niklas Sävås: Investing by the Books Hosts Talking about Serial Acquirers, Investing, Money, Inheritance, Immortality, and More

Talking Billions with Bogumil Baranowski