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InvestED: The Rule #1 Investing Podcast

214- Berkshire Annual Meeting 2019 Recap (Part 2)

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 21 May 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

In this episode, Phil and Danielle continue their talk about their experiences at the Berkshire Annual Meeting. Phil talks about the “3F’s” of starting a fund. Friends, Family, and Fools. They also talk about what Berkshire’s core competencies are. Buffett answered this question by saying, “We really don’t have one. We don’t expect to know anything particularly except how to pick people that have a core competency.” They also discuss ESG companies. ESG companies is a new way of talking about “conscious companies”. ESG stands for environmental, social, and governance. They also talk about board members of a company and how they can really make companies act in a horrible way to pad their pockets in the short term. For show notes and more info visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Town and this is Phil Town and this is Daniel Town

0:07.6

welcome to the Invested Podcast we're really excited you guys are here we're talking

0:11.6

about we're just learning how to

0:14.7

invest properly and we're talking about Warren Buffett and Charlie Munger again.

0:20.1

I mean you know what how bad could this be to talk about the best investors in the world

0:26.0

and what they keep repeating always the same lessons on investing for 60 years and so they got 60 years out of it

0:35.1

Danielle I'm thinking we're doing pretty good we're entering year three here.

0:38.8

Yeah we're entering year four.

0:43.0

I can't even tell anymore.

0:45.0

I don't know, we have two, this is the 214th podcast.

0:47.8

That would indicate four years, I think.

0:50.0

I've already been completed, and we may be entering year five is that possible?

0:55.2

It's totally possible I am notoriously horrible at remembering when anything happens so I have

1:00.9

no idea. Is this just me I often don't know what happened like last week like I have to really

1:07.4

think about it and I'm not that old. Yeah it's you you. You're losing it. Yeah. All right. No question. You have a perfect memory? Oh, perfect. I just remember everything.

1:18.6

Oh, that's so good. Listen, when I was traveling and doing all those stage shows with Get Motivated.

1:26.0

Honestly, I couldn't tell you what city I was in last week. It was horrible. I had no idea.

1:32.0

None.

1:34.0

It was ridiculous.

1:35.0

All right, let's get gone.

1:36.0

We got a lot to talk about.

1:37.0

We have been doing is I know what happened two weeks ago,

...

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