10/24/2018 Guy Spier - Wikipedia

Guy Spier

Guy Spier (born February 4, 1966) is a Zurich-based investor and Guy Selmar Spier author of a book on investing entitled The Education of a Value Investor.[1] He is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with June 25, 2008.[2] In 2009, he was featured in "the Checklist Manifesto", by regarding his use of checklists as part of his investment process.[3]

Contents

Education Life and career Investment Style: Value and Activist Investing Farmer Mac, Allied Capital and Horsehead Holding Philanthropy Personal life References External links

Born February 4, 1966 Education Pietermaritzburg, Spier was educated in England at the City of London Freemen's School, Residence Zurich, Switzerland followed by Brasenose College at the University of Oxford, from which he gained a First Class degree in PPE (Politics, Philosophy and Nationality South African, Israeli, Economics).[4] The former British Prime Minister was German among his contemporaries at Brasenose.[4] Spier completed his MBA at Education City of London Freemen's the , class of 1993 with Mark Pincus, Chris School, Ashtead, Surrey Hohn and Sherry Coutu. Alma mater Oxford University Harvard Business School Life and career Occupation Investor, Aquamarine From 1988 - 1990, Spier worked with David Pitt-Watson at Braxton Fund, Author Associates, which later became Deloitte Consulting. In 1991, he was an intern at the European Commission in Brussels.[4]

Spier manages the Aquamarine Fund, an investment partnership inspired by, and styled after Warren Buffett's 1950s investment partnerships. He is also an occasional financial commentator in the media.[5]

Investment Style: Value and Activist Investing

https://en.wikipedia.org/wiki/Guy_Spier 1/3 10/24/2018 Guy Spier - Wikipedia

Spier follows closely Warren Buffett's principles on Value Investing and capital allocation. However, he also admits that Value Investing has changed over time, as the popularity of style means that generally fewer opportunities become available to investors. Ideas that will work would still be around, but the successful value investor of today has to look further and sometimes think outside the box.[6]

Farmer Mac, Allied Capital and Eliot Spitzer In 2003, Spier became the target, along with David Einhorn, Bill Ackman, and Whitney Tilson, of investigations by Eliot Spitzer,[7] then the New York Attorney General, as well as by the U.S. Securities and Exchange Commission regarding short sales of Farmer Mac, MBIA corp and Allied Capital. The melt down of these companies during the late- 2000s financial crisis vindicated[8] their short thesis and was the subject of books by Ackman[9] and Einhorn.[10]

Horsehead Holding In 2016 Spier, along with Phil Town and Matthew Peterson successfully petitioned Judge Sontchi at the Delaware Court of Bankruptcy to form an official committee of equity holders of Horsehead Corporation - which had filed for bankruptcy earlier that year.[11]

Philanthropy Spier served as the chair and founder of the Weizmann Science and Business Club. He is a member of the Harvard Business School Alumni Board and also serves on advisory boards of Value Conferences; and of Zurich Minds.

From 2007 to 2009, Spier served on the Advisory Board of the Dakshana Foundation.

In spring 2010, Spier with Peter Hogenkamp and Tim Dührkoop co- founded TEDxZurich.

In 2017 Spier joined the newly formed board of the Swiss Friends of Oxford University [12]

Guy Spier and former President of Personal life South Africa, F.W. de Klerk in discussion at the Horasis 2013 Spier lives in Zurich with his wife and three children. He is related to the Annual Meeting Lazard banking family through his great great grandmother, Johanna Lazard.[13] He is a former resident of Tuxedo Park, New York, the village constructed by Pierre Lorillard in the late 1800s, where he lived in the Bruce Price Cottage. He is a member of Entrepreneurs' Organization and of the Young Presidents Organization.

References

1. Spier, Guy. The Education of a Value Investor. Palgrave MacMillan. ISBN 1137278811. 2. "My $650,100 Lunch with Warren Buffett" (https://content.time.com/time/business/article/0,8599,1819293,00.html). Time. June 30, 2008. 3. "Book Review: 'The Checklist Manifesto: How to Get Things Right" (http://seekingalpha.com/article/276018-book-r eview-the-checklist-manifesto-how-to-get-things-right). https://en.wikipedia.org/wiki/Guy_Spier 2/3 10/24/2018 Guy Spier - Wikipedia

4. Catherine Mayer (September 11, 2008). "David Cameron: UK's Next Leader?" (http://www.time.com/time/world/art icle/0,8599,1840461,00.html). Time Magazine. 5. "Guy Spier says no reason to be scared of US financials" (https://www.washingtonpost.com/business/spier-says-n o-reason-to-be-scared-of-us-financials/2011/10/31/gIQAVCHNZM_video.html). Washington Post. October 31, 2011. 6. "Guy Spier: How Value Investing has changed -- new strategies of successful value investors - Opalesque TV" (htt p://www.opalesque.tv/hedge-fund-videos/Guy_Spier/1). www.opalesque.tv. Retrieved 2017-02-05. 7. "The Hedge Fund Witch Hunt: Eliot Spitzer's latest investigation is pursuing the wrong guys" (http://www.slate.co m/articles/business/moneybox/2003/02/the_hedgefund_witch_hunt.html). Slate Magazine. Feb 13, 2003. 8. "MBIA falls 13% after Moody's cuts rating Two-notch downgrade was more than some expected; Ambac cut to Aa" (http://www.marketwatch.com/story/mbia-slumps-after-moodys-cuts-rating-by-two-notches). MarketWatch. June 20, 2008. 9. Christine Richard. Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff (http://ww w.wiley.com/WileyCDA/WileyTitle/productCd-0470648279.html). 10. Fooling Some of the People All of the Time: A Long, Short Story, David Einhorn: http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470073942.html 11. "Horsehead Shareholders win court fight" (http://www.post-gazette.com/business/pittsburgh-company-news/2016/ 05/09/Len-Boselovic-s-Heard-off-the-Street-Horsehead-shareholders-win-court-fight/stories/201605080055). 12. https://www.campaign.ox.ac.uk/news/swiss-friends-opens-for-business 13. "Descendents of Wolf Speyer Spier, Merzhausen" (http://www.alemannia-judaica.de/images/Images%20286/Nach kommen%20Spier%20Merzhausen.pdf) (PDF).

External links

Personal Website (http://go.aqu.am/guyspier) Aquamarine Fund Website (http://www.aquamarinefund.com) Email Newsletter (http://go.aqu.am/newsletter) Blog (http://blog.aquamarinefund.net)

Retrieved from "https://en.wikipedia.org/w/index.php?title=Guy_Spier&oldid=860826896"

This page was last edited on 23 September 2018, at 09:32 (UTC).

Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.

https://en.wikipedia.org/wiki/Guy_Spier 3/3