Hi everybody and welcome to Invested. I'm Danielle Town. We're taking a short break on new

episodes of our podcast just for a couple weeks because we want to replay all three episodes of our

talk with Value Investor Guy Spear and also because my dad and I are working on something

special that will announce just as soon as we possibly can.

In addition to listening to Guy today, check out the news about Berkshire Hathaway's recent

annual shareholder meeting which is always held on the first weekend in May and was

recently held on the first weekend in May. So there's tons of news about it.

Check that out because we'll be discussing it

when Dad and I are back with a new episode

two weeks from now.

So here's Guy, enjoy. I've started doing something I'm really excited about.

So I've done two of them and it started off when a friend of mine from business school

he's he's actually from the family so his name is Brian Lawrence companies

called Yorktown Partners they They were significant shareholders in

cross tax and he sent me a white paper on renewables. So it doesn't even have his

name at the top. Just a sort of like a simple word memo, but he gathered like a research paper. Yeah, but he gathered in that document

Some amazing insights based on conversations that he's had.

Now I had no value to add to his memo on renewables

because I know nothing about renewables.

But he sent it to me as a way of giving me an opportunity to get back to him to discuss what's in the document.

And the top of the document says, if, you know, please get back to me with your feedback so that I can incorporate your ideas into the document and send it out again.

So it encourages people to give feedback. So I tried this out and I did it on credit card networks.

...