Betting on Tesla & the Power of Disruptive Technology w/ Christopher Tsai (RWH045)

William Green chats with Christopher Tsai, President & Chief Investment Officer of Tsai Capital. Christopher, who’s beaten the S&P 500 over the last 24 years, explains why Tesla is his biggest position, why investors routinely underestimate the impact of disruptive technologies, why it was so challenging to be the son of America’s first celebrity fund manager, what 3 habits help him most, & what he learned from his famed mentors, Peter Kaufman & Charlie Munger.

IN THIS EPISODE, YOU’LL LEARN
00:00:00 - Intro
00:01:10 - How Christopher Tsai’s family survived war & oppression in China.
00:16:02 - How his father became America’s first celebrity fund manager.
00:30:59 - What lessons Christopher drew from his father’s successes & failures.
00:39:18 - Why Tesla is Christopher’s biggest investment.
00:42:58 - Why we tend to underestimate the impact of disruptive technologies.
01:13:44 - Why the costliest mistake is to sell great compounders too early.
01:17:38 - How his views on diversification have changed.
01:09:52 - What tailwinds he’s riding with Microsoft, Visa, & Mastercard.
01:20:06 - What 3 habits help him to be focused, peaceful, & productive.
01:50:20 - How he became a money manager at 16.
01:59:58 - What Peter Kaufman taught him about the 7 steps to success.
02:16:52 - Why Christopher won’t invest in China.
02:21:02 - What Charlie Munger taught him.

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On Richer, Wiser, Happier, William Green interviews high-profile guests such as Howard Marks, Joel Greenblatt, and Ray Dalio. Exploring what they can teach us about how to succeed in markets and life.

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[thestudentofdhandho]

Christopher is an incredibly interesting and insightful investor. He’s a real joy to listen to. Thank you for bringing him on the show William!

[fredwinslow]

An authentic value investor with a value investor record that admires buffet and Munger that has invested and strongly believes in TESLA !👍🏼👍🏼

[JamesonSharp]

I listened to this last night while I was driving back from southern Az. When Mr. Tsai mentioned Mr. Peter Kaufman’s qoute “There’s margin where there’s mystery!” That struck me. It’s on the money.
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I am NOT any where near as good as you and your guests as a Value investor Mr. Greene. So I deeply appreciate this community of good people. 💡
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Always listening. 👉Health is 🙏❤️

[samonaro]

Excellent interview... must say he's given me new eyes for Tesla and I'm a tsla bull too!
Good going!

[pedrogonzales]

This interview simply rocks. Thank you for introducing us to this generational treasure of knowledge & experience.

[kellylau]

A great interview, insightful and authentic. Thank you for Christopher Tsai for sharing his thoughts and personal journey.

[litmus_test]

That anecdote about the interaction between his father and grandfather towards the end was really something. Glad after everything he’s able to see his father’s struggles and sympathise with him. Excellent podcast. Thanks!

[sebfox]

Fascinating interview. Thanks William and Christopher.

[theitchgameriiv]

AMAZING as always! Truly grateful for these, William!

[royjones]

Terrific interview. I'm continually amazed at how much money comes from such a few number of ideas.

[faronskelton]

Another excellent interview. Thank you very much.

[tomcockcroft]

I went all into Tesla in 2019 then doubled down fed 2020 also. I know how he feels. Never sold apart from buying a model y in Thailand.

[radigeorgiev]

IS it possible to get a Peter Lynch interview?

[sarfraz]

First here :) Thankyou William for everything

[bibbidi_bobbidi_bacons]

Nice interview. The poor should commingle with the wealthy forcefully to spread the knowledge of what it takes to be rich - and to stay humble - there’s always a huge gap of confusion between the groups. Like gee I wonder why the poor don’t save 10% for retirement….

[michaelegerszegi]

Most of the perceptions voiced at the one hour mark are not accurate. They are coming out with new models soon, in fact they just did, Cybertruck. There will be another model coming out next year as well.

[samonaro]

It must be very tough to say you weren't privileged enough to be given more than $1mil from only 1 parent.