Berkshire Hathaway Part III

Acquired

Ben Gilbert and David Rosenthal

Venturecapital, Ma, Investing, Acquisitions, Startups, Vc, Investment, Business, Technology

4.8 • 2.9K Ratings

🗓️ 7 June 2021

⏱️ 176 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's time. We wrap our Berkshire Hathaway trilogy with Warren and Charlie entering a new era: the age of the internet. Can they and Berkshire adapt to this brave new world? We find out. And, after 9+ hours, we render our final judgments on Berkshire and Warren's career. Is "Never bet against America" still the right longterm approach? Or is there another, even bigger Snowball out there that Warren may be missing?

If you love Acquired and want more, join our LP Community for access to over 50 LP-only episodes, monthly Zoom calls, and live access for big events like our recent Book Club event with Brad Stone. We can't wait to see you there. Join here at: https://acquired.fm/lp/

Sponsors:
Vanta: https://bit.ly/acquiredvanta

Statsig: bit.ly/statsigacquired
Modern Treasury: https://bit.ly/acquiredmoderntreasury

The Berkshire Hathaway Playbook is available on our website at https://www.acquired.fm/episodes/berkshire-hathaway-part-iii

Links:

Bill Gates 1996 Wired interview: https://youtu.be/VFFlO7yBIBM?t=1056
Jeff Bezos's 2008 AWS == electricity talk at YC Startup School: https://www.youtube.com/watch?v=6nKfFHuouzA
Charlie's 2021 Shareholder Meeting "slip-up": https://www.youtube.com/watch?v=6gyqElEG6Uo

Carve Outs:

Common Stocks and Uncommon Profits: https://www.amazon.com/Common-Stocks-Uncommon-Profits-Writings/dp/0471445509
Xbox Game Pass: http://xbox.com/gamepass
Goodfellas: https://www.imdb.com/title/tt0099685/
The Goodfellas soundtrack: https://open.spotify.com/playlist/0xVpgEngjrg6FOw5vEFHRp

Transcript

Click on a timestamp to play from that location

0:00.9	I'm going with just water as my beverage this time,
0:04.4	and no peanut brittle.
0:06.0	Well, I do have a little heart attack last time
0:07.6	after a lot of sugar.
0:08.4	Yeah.
0:09.2	I think you could hear it in my voice.
0:10.8	I think I was a little, like, manic.
0:12.8	Hahaha.
0:14.3	I'm going with a vitamin water zero
0:17.1	because we're gonna need the electrolytes
0:18.9	for this marathon.
0:20.2	Is vitamin water owned by Coca-Cola, baby?
0:23.6	Coke, that's right.
0:25.4	I was on my run this morning
0:26.6	and I was listening to the Adam Mead book
0:29.8	that I referenced and I ran by a Berkshire Hathaway
0:33.8	properties, like, House for Sale.
0:36.2	And I was just like, it's pretty hard
0:37.8	to go through your day without using
0:40.3	a Berkshire product or service.
0:42.1	I'm so excited.
0:43.0	I literally, like, woke up in the middle of the night
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ben Gilbert and David Rosenthal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ben Gilbert and David Rosenthal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.