205- Warren Buffett’s Annual Letter

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 19 March 2019

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

For show notes and more information visit investedpodcast.com. This week Phil and Danielle talk about why Charlie Munger is so bitter about missing out on a stock purchase in the 1970s. Phil talks about what he calls “Mistakes of Omission”. Phil also talks about why it’s extremely hard to find a company that’s on sale right now. He’s not alone in this. Warren Buffett shares in his annual letter that he’d love to buy a huge company, but that nothing is priced on sale right now. It’s also hard to find companies in the private market as well. We’re given the opportunity at the end of a bull market run. Right now it’s a blessing that the market hasn’t crashed because there are so many companies that you haven’t researched. This means you should be out there, researching all of the great companies that you can, and building your watchlist. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.1	Te's and sees apply. Hey everybody this is Phil Town and this is Phil Town and we're here for the
0:39.1	Invested Podcast welcome back we're really excited that you're here learning about investing from the best investors in the world
0:45.9	particularly Charlie Munger, Warren Buffett, and we're deep into Munger and Buffett right now in the discussion that was started
0:54.7	kind of a couple weeks ago. Yes.
0:55.7	As Charlie had his annual meeting and now Warren Buffett's
0:58.5	released his letter for the year and these become big events
1:01.4	for the value investing community to take a look at
1:04.3	what's the latest and greatest from these guys. We've been talking about some of that to
1:08.0	this point and I think we'll continue diving into that today. What do you think?
1:12.0	I think we should. I mean one thing that continue diving into that today. What do you think?
1:12.6	I think we should.
1:13.5	I mean, one thing that really struck me
1:16.6	about when Charlie spoke at the Daily Journal meeting
1:20.6	was that he said, I think twice that if he had made some investment in the 70s
	...

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