Meet & Read Maruey Book Talk เปิดตัวหนังสือ "เด็กวัดดอน : ชีวิต ความฝัน และการลงทุน"

Short Summary:

This Meet & Read book talk centers on the launch of "Dek Wat Don: Life, Dreams, and Investment," a biography of Dr. Niwes Hemwachiravorakul, a prominent Thai value investor. The discussion highlights Dr. Niwes's life journey from impoverished beginnings to significant financial success. Key themes include the importance of choosing the right battles, meticulous planning, continuous learning (emphasized through reading), understanding the three pillars of investment (principal, return, and time), and identifying high-potential stocks. The book's two parts – "The Fighter" and "The Selector" – reflect his life's phases and investment philosophy. The talk emphasizes that Dr. Niwes's ambition extends beyond financial wealth, encompassing a desire to witness positive societal change in Thailand. No specific technologies are mentioned.

Detailed Summary:

The transcript covers two main sections: a book review and a discussion with the author (Dr. Niwes) and the book's writer.

Section 1: Book Review:

This section provides an overview of "Dek Wat Don," emphasizing its dual narrative structure:

Part 1: The Fighter: Details Dr. Niwes's challenging childhood and his persistent struggle to improve his circumstances, highlighting his journey from poverty to success. A key takeaway is his advice to "choose the right battles" in life, knowing when to fight and when to adapt.
Part 2: The Selector: Focuses on Dr. Niwes's investment philosophy and approach, emphasizing the importance of preparation, planning, continuous learning through reading, and identifying high-potential stocks. The "three pillars of investment" (principal, return, and time) are highlighted.

The reviewer shares several impactful quotes from Dr. Niwes, including the importance of choosing the right battles, the value of preparation over inherent skill, and the necessity of continuous learning for personal growth and transformation.

Section 2: Discussion with Dr. Niwes and the Book's Writer (Art):

This section delves deeper into Dr. Niwes's life and the creation of the book:

Dr. Niwes's Life Journey: Dr. Niwes recounts his difficult childhood and the lack of opportunities available to him due to his impoverished background and social status. He stresses the importance of not being confined by societal limitations and the role of chance in his success. He emphasizes that while he didn't always have a clear plan, he consistently sought opportunities and adapted to changing circumstances. He describes his transformation from a "fighter" to a "selector" once he found his niche in value investing. He also discusses the importance of delayed gratification and the fact that true happiness isn't solely tied to wealth.
The Book's Genesis: Art, the writer, explains his inspiration for the book, drawing parallels between Dr. Niwes's life and Warren Buffett's biography, "The Snowball." He describes the extensive research and immersive process of writing the book, including visiting significant locations from Dr. Niwes's past. He highlights the book's unique perspective, focusing not just on investment strategies but also on Dr. Niwes's personal values and broader societal aspirations.
Dr. Niwes's Vision: A key revelation is Dr. Niwes's ultimate dream: to live long enough to witness a more just and equitable society in Thailand. This transcends his personal financial success and reveals a deep commitment to social progress.
Investment Philosophy: The discussion reinforces Dr. Niwes's value investing approach, emphasizing patience, long-term perspective, and avoiding speculative bubbles. His success during the 1997 Asian financial crisis is used as a case study. The discussion also touches upon the importance of choosing the right mentors and the dangers of chasing get-rich-quick schemes.

The Q&A session at the end further explores these themes, with questions about Dr. Niwes's personal life, investment strategies, and views on societal change in Thailand and Vietnam. The discussion also touches upon the challenges of maintaining wealth and the importance of family in Dr. Niwes's life.