Ep141 Stig Brodersen holds a master’s degree in Finance, has studied Business Analysis at Harvard University, and he’s the co-founder of the BuffettsBooks.com educational site. During graduate school Stig co-founded a consultancy firm, providing clients with legal and financial advice relating to personal finance. Upon graduation Stig sold his shares in the firm to become a commodities trader in one of Europe’s leading energy trading companies. Now, Stig works as a college professor teaching a variety of courses including financial accounting, investment and economics. Stig also owns the investment company Stig Brodersen Holding.

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3 Key Points:

“If you can’t be the person that you really are [in a workplace], you should leave for the sake of everyone.”
“Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
Being a commodities trader is a strenuous, long hour job that pays a lot of money.

Episode Notes:

01:00 – Nathan’s introduction to today’s show
02:00 – Stig joins the show
02:27 – “Always be good to other people.” – Easy to say, hard to practice
03:56 – Million monkeys flipping coins, one should be lucky – a Warren Buffet metaphor
04:40 – Stig quit his job as a commodities trader to teach and run a podcast
05:23 – Being a commodities trader involves working very long hours
06:08 – A trader gets a base salary and a bonus which is usually more appealing than the base salary
06:49 – Stig made between 200K and 400K on his base salary as trader
07:25 – As a trader, Stig dealt in energy like stocks. He started in 2011 and quit in 18 months
08:43 – “If you can’t be the person that you really are, you should leave for the sake of everyone.”
09:09 – Luckily, Stig didn’t struggle with paying rent or food in his off period
09:47 – His living expenses per month was a few thousand dollars
10:25 – Something that stuck with Stig: “Success is probably the simplest thing in the world. You just have to do the same thing as successful people and then stop doing the same thing that unsuccessful people are doing.”
11:31 – Nathan and Stig discuss audio equipment
12:46 – Stig makes money in Denmark teaching making 6-7K a month
13:51 – Stig discusses his podcast and having a co-host
16:41 – Famous Five

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Famous 5

Favorite Book?— The Snowball – by Warren Buffet
What CEO do you follow?— Warren Buffet
What is your favorite online tool?— Boomerang
Do you get 8 hours of sleep?— Often, but less on the weekends.
If you could let your 20 year old self know one thing, what would it be?— Don’t worry Stig, you won’t be single for the rest of your life.

Resources Mentioned:

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