472- Succession

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 25 June 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Despite all the mystique around investing, it essentially boils down to understanding the business you’re investing in and viewing it as owning a part of a real company, not just buying a stock. This tends to hold true no matter the company, the industry, or the state of the market as a whole. Few investors have understood this as well as Warren Buffett and his team at Berkshire Hathaway. With Munger having recently passed and Buffett offering insights into his twilight years as the world’s premier value investing superstar, what does the future hold for BH with the potential for a huge shakeup in leadership? This week finds our hosts back in the “studio” to discuss the question of succession planning at Berkshire Hathaway, and what that means for the value investor and the market at large. For more knowledge from some of the most successful minds in value investing, click here for your free copy of The Best Investors in the World: https://bit.ly/3DhbmIS Topics Discussed: Instagram Dataroma/Gurufocus Li Lu and Timberland Institutional imperative at Berkshire Resources Discussed: The Intelligent Investor Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:16.7	Sign up for a one pound per month trial period at shopify.coidek slash special offer
0:21.8	or lowercase that That's Shopify.
0:23.9	CODieK slash Special Offer. Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town
0:39.6	we're back hello my daughter. Dad. Thank you very much. Glad to be here. Me too. Yeah. We've been sort of goofing off a little bit. Oh yeah. We have a little bit here comes a wave of wonderful podcasts about how we do really good long-term investing.
0:58.4	I keep...
0:59.4	For a change.
1:00.4	Yeah. I tell you one of the things I've really enjoyed doing a lot is learning Instagram.
1:05.2	This is a new app that you may not have heard of yet, but I find it really interesting
1:12.3	because it is now feeding me everybody's quotes from
1:16.4	Buffett from Buffett videos it's sort of like Buffett videos you know oh funny
1:20.7	little short ones and I'm I'm really enjoying them and it just reminds me that Buffett said that
1:27.4	look at you know when he was an 11 year old he started investing and he went along for about
1:31.9	six years trying to figure out all kinds of
1:35.3	technical trading and this and that and then when he was 17 he read Ben Graham's book, The
1:40.8	intelligent investor and it changed his life, and he realized he wanted to go study under Graham at Columbia, if it could make that happen.
	...

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