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InvestED: The Rule #1 Investing Podcast

212- Berkshire Annual Meeting 2019 Recap (Part 1)

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 7 May 2019

⏱️ 41 minutes

🧾️ Download transcript

Summary

For show notes and more information visit investedpodcast.com This week Phil and Danielle record the podcast in person, in Omaha after attending the Berkshire Hathaway annual meeting. They talk about all of the fanboys that come to the meeting and what the atmosphere is like. They also talk about “Warren Buffett buying Amazon” and how the news headlines were very wrong and the difference between “New Buffett” investing and “Old Buffett” investing. Phil and Danielle also discuss why Buffett isn’t buying back stock and sitting on so much cash. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Whether it's an under the radar genre or a proper out there podcast

0:05.0

sometimes it's better when you get weird especially when it comes to switching up your soft drink

0:10.0

introducing new Dr Pepper Zero,

0:12.5

with the same blend of 23 unique flavors,

0:15.3

it tastes just as weird as regular Dr Pepper,

0:18.8

but with zero sugar and zero calories.

0:21.6

It's a taste you can't quite put your finger on.

0:24.0

Weird. But in a surprisingly good way, try more weird with Dr Pepper Zero. Hey everybody this is still town and this is

0:36.0

still town and this is dagnel town welcome to the invested

0:38.7

podcast where we're learning to invest just like Warren Buffett and Charlie Munger and by that I mean really

0:46.6

like Warren Buffett and Charlie Munger. A lot of people get confused about this

0:51.0

and think that we're doing value investing or some sort of low

0:56.2

PE kinds of things and that's what Buffett does but we're not doing that we're

0:59.8

doing what Charlie and Warren have been teaching for 60 years what I've been doing for 30 years and my daughter Danielle has been doing for two or three years and

1:08.4

Three or four at this point. I have to say and it it's not, it's been a little while.

1:14.0

And it's very different than what I think most people think it is

1:18.2

and it's very different than what most of the professionals do

1:21.5

who try to emulate Buffett and Munger because it's very hard to do as a professional.

1:27.3

It's very, I don't want to say easy.

1:30.2

It's very simple to do as an amateur investor because you control your own money but as a professional you have to deal with your clients and that becomes a real problem and we'll talk about that today a little because we just are at the Berkshire annual meeting right now.

1:47.0

Yes. We are recording this live in Omaha actually in person which is pretty exciting and it's

1:58.2

been it's been a wild weekend my voice is a little gone as you can hear because I've

...

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