gfp Posted January 25 Posted January 25 10 minutes ago, John Hjorth said: - Aren't your personal business setup as RIA of separate accounts for clients [please disregard about directly held real estate here]? Yes, separate accounts, no fund for me
John Hjorth Posted January 25 Posted January 25 Just now, gfp said: Yes, separate accounts, no fund for me Thank you for replying here, @gfp. Realizing, I'm actually not entitled to a reply on such question.
investmd Posted January 30 Posted January 30 On 1/16/2026 at 9:48 AM, Milu said: Yup, I’ve read it and found it a decent read about how to live your life. He seems like a decent guy. Agree. Education of a Value Investor is a good book to understand mindset of investing for folks getting into investing space.
investmd Posted January 30 Posted January 30 On 1/16/2026 at 9:58 AM, Longnose said: I remember enjoying the book. Felt it simple. I think the only think that has stuck with me from it tho is the idea of Social compounding. His discipline for years of sending daily thank you notes was inspiring. I tried it for about 6 months a few years back and ran out of steam. hahaha. +1 - his sharing of learnings on social compounding have helped so many. I liked and have adopted his concept of "being kind is the most selfish thing one can do...because it always comes back to benefit you".
investmd Posted January 30 Posted January 30 On 1/22/2026 at 3:08 PM, whatstheofficerproblem said: Fintwit spares none. wonder if whomever is @DiscountedTrashFlow have chosen to update the post. Guy has now publicly announced that he closed the fund because of recurrence of brain cancer
investmd Posted January 30 Posted January 30 Re comments in this thread: yes - Aquamarine Fund's returns have been "average" when compared to S&P 500 for past 1-2 decades results look different if 2 decades ago someone chose the European index, or emerging markets or Canadian stocks as the "benchmark" Manager didn't take any fees unless compounded >6%/year from any previous high So, IMO, it's fair to say, manager provided fair monetary value. While the monetary returns have not hit it out of the park, the manager did provide a lot of "social compounding" as mentioned by @Longnose and has educated a lot of people on value investing and created a community around ValueX events that started in Switzerland and have now been replicated in places like Cyprus, Dubai, Colorado and maybe others.
whatstheofficerproblem Posted January 30 Posted January 30 1 hour ago, investmd said: Guy has now publicly announced that he closed the fund because of recurrence of brain cancer Oh damn. Recurrence? I never knew he was diagnosed once before.
Munger_Disciple Posted January 30 Posted January 30 1 hour ago, investmd said: Guy has now publicly announced that he closed the fund because of recurrence of brain cancer Damn! Feel very sad for him & his family. My thoughts & prayers are with him.
Rod Posted January 31 Posted January 31 1 hour ago, investmd said: wonder if whomever is @DiscountedTrashFlow have chosen to update the post. Guy has now publicly announced that he closed the fund because of recurrence of brain cancer Publicly anounced where?
This2ShallPass Posted February 16 Posted February 16 https://aqfd.docsend.com/view/nip42bjerdisg63z His 2025 annual letter. I have only read the portion where we explains he closed his fund due to recurrence of brain cancer. Nicely written gracious letter, clearly he didn't want to close the fund. Wish him a speedy recovery!
John Hjorth Posted February 16 Posted February 16 (edited) 27 minutes ago, This2ShallPass said: https://aqfd.docsend.com/view/nip42bjerdisg63z His 2025 annual letter. I have only read the portion where we explains he closed his fund due to recurrence of brain cancer. Nicely written gracious letter, clearly he didn't want to close the fund. Wish him a speedy recovery! I was up pretty early this morning my local time, the Lady of House is sick since early morning [NoRo virus, which she has got from me!] I saw the e-mail at 6:10 AM, downloaded the letter at around 6:30 and started reading it, the whole thing, in one swoop, finished reading it at around 8:00 AM, sun on it's way up at that time here in Northern Europe. Horrified, shocked, tears in my eyes, silent, muted, speechless! Such a brutal, totally honest morning read, that I'll likely never forget it! Guy is basically terminal with brain cancer, not much time left for him. And : No cure! I'm thinking of him. May his God be with him and show him mercy. Edited February 16 by John Hjorth
This2ShallPass Posted February 16 Posted February 16 1 hour ago, John Hjorth said: Guy is basically terminal with brain cancer, not much time left for him. And : No cure! I did not realize that, truly shocking. Hoping he is able to spend his time being surrounded by loved ones, doing things that bring him joy and still hope for a miracle.
John Hjorth Posted February 16 Posted February 16 (edited) On 2/16/2026 at 11:33 PM, This2ShallPass said: I did not realize that, truly shocking. Hoping he is able to spend his time being surrounded by loved ones, doing things that bring him joy and still hope for a miracle. When you are in mood for it, @This2ShallPass, You would likely want to revisit this letter again, some time in future. I would argue even in this situation Guy Spier has something to share with everyone whoom it may concern. My neckline was bristling reading several places in the letter. Death can be so ugly. Guy is 60 years old, with wife and kid three kids Eva, Isaac aand Sarah. <edited, John> The last shirt is without pockets. Imagine being seriously ill and busy, in a hurry, to get things done, before you just cease to exist. - - - o 0 0 - - - Edited : Fixed kids info above. Edited February 19 by John Hjorth
jfan Posted February 17 Posted February 17 This is so sad. Thank you Guy for such a poignant letter. Our thoughts and prayers are with you and your family.
UK Posted February 17 Posted February 17 The letter is very sad, but brilliant at the same time. Nothing to add...
investmd Posted February 17 Posted February 17 Posters on previous pages had plenty of negative things to say about Guy/Aquamarine Fund...in contrast to positive sentiment expressed by some recently. Let's keep this thread in mind, next time we have crass/negative things to say about others whom we may not know deeply. Yes, we want to question, we want to avoid herd think and to express individual opinions but let's not cross a line that we might regret. There is so much good stuff on this Board, let's keep the positive sentiment going.
Rod Posted February 17 Posted February 17 Sad to hear about his health struggles. I had noticed something “off” about Guy in the last year on his social media. A lot of white nationalism and racism that I had never associated with him before.
Parsad Posted February 19 Posted February 19 On 2/17/2026 at 4:18 AM, Rod said: Sad to hear about his health struggles. I had noticed something “off” about Guy in the last year on his social media. A lot of white nationalism and racism that I had never associated with him before. What the fuck? What are you talking about? He's one of the nicest, most genuine people I've ever met...especially in the finance industry. Whatever his political leanings...I've never heard anything remotely like "white nationalism" or "racism" from him. If you can't say something nice about a man fighting for his life...shut the fuck up!
Saluki Posted February 19 Posted February 19 On 2/17/2026 at 7:18 AM, Rod said: Sad to hear about his health struggles. I had noticed something “off” about Guy in the last year on his social media. A lot of white nationalism and racism that I had never associated with him before. I'm not attacking, but I think you're getting him confused with someone else. I've never seen him post stuff like that online. There are some despicable finance bros (who I won't name) who are active on social media, but this is the first I've heard his name mentioned in relation to that crowd.
Rod Posted February 19 Posted February 19 (edited) He has retweeted racist AI “Amelia” videos from far right British politicians. For example, Nick Buckley of Advance UK. The videos include racial slurs like “Paki” and telling Sadiq Khan, British born mayor of London to “go back to Afghanistan”. The video is Nazi level dehumanization. I called him out publicly on Twitter for retweeting it and he was defiant saying “British values. Get used to it”. I can give evidence. I deleted my tweet when I heard about Guy’s cancer out of decency. Unfortunately it’s very real. Edited February 19 by Rod
moatrep Posted February 19 Posted February 19 Just don't link it to his cancer or carrer, twitter is prone to post about political extremism, even as a joke. I admire his fees imitating buffet, even when Buffet charged above 6% in a high interest enviroment. I guess one of the most honest asset managers out there
Aurelius Posted February 19 Posted February 19 Quote What the fuck? What are you talking about? He's one of the nicest, most genuine people I've ever met...especially in the finance industry. Whatever his political leanings...I've never heard anything remotely like "white nationalism" or "racism" from him. If you can't say something nice about a man fighting for his life...shut the fuck up! YES! These days the "racism" card is called very easily! I believe Guy is Jewish. Being pro Israel is just a lot of very bad words for a lot of people. Pointing out that there is an immigration problem is also racism etc. Is what it is... -- Guy Spier always seemed thoughtful and kind. Wishing him and his family all the best.
Parsad Posted February 19 Posted February 19 3 hours ago, Rod said: He has retweeted racist AI “Amelia” videos from far right British politicians. For example, Nick Buckley of Advance UK. The videos include racial slurs like “Paki” and telling Sadiq Khan, British born mayor of London to “go back to Afghanistan”. The video is Nazi level dehumanization. I called him out publicly on Twitter for retweeting it and he was defiant saying “British values. Get used to it”. I can give evidence. I deleted my tweet when I heard about Guy’s cancer out of decency. Unfortunately it’s very real. His best friend is a so-called "Paki"...you ever wonder why Mohnish and Guy travel hand in hand? Guy has a ton of Indian and Indian continent friends, me included...Pakistani, Hindu, Punjabi, Gujrati, Jain...! You don't extrapolate political leanings or the occasional post into exactly what type of person someone is or isn't. That's a very shallow way to view humanity. I have the type of issues you have with some on here...but I should be able to empathize with them as well. Imagine yourself in their shoes! Cheers!
Pellom Posted February 19 Posted February 19 I, too, noticed his posts, mostly on LinkedIn, a place where I didn't think it was appropriate. Not trying to play armchair oncologist, but in hindsight, one does have to wonder if he was in a more agitated state than is typical for him, given the tumor in his brain. His body was probably flashing warning signals. Anyway, Guy seems like a very good person, I've never seen anyone say a bad thing about him, and the Valuex culture and community he's built is very inspiring. I hate that he's going through this.
moatrep Posted February 19 Posted February 19 (edited) I don't think you need a brain tumor to post something about Europe admiting Ilegal immigrants and giving them money and hotels, it's a parody since that girl was originally made to parody white extremism, by the goverment. I mean it was originally a character made by the goverment to justify their policies and all moral implications that it has. But ok I get it that without this context it will look horrible to look at those videos. Ok I will stop here so this doesnt go to the political section. Cheers Edited February 19 by moatrep
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