Classic 11: Warren Buffett’s Biography

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 5 April 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 04:02 - How Warren Buffett already read financial statements when he was a kid. 12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments. 24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him. 25:41 - Why Warren Buffett never replaces management in the companies he acquires. 27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way. 41:01 - Ask the Investors: How do you generate ideas for new stock investments? *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out our five-page executive summary of Buffett: The Making of an American Capitalist. Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book. Alice Schroeder’s book, The Snowball – Read reviews of this book. Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool. SPONSORS Support our free podcast by supporting our sponsors: River Efani Babbel AlphaSense Vanta American Express Business Gold Card Alto Salesforce NetSuite Ka'Chava Wise Toyota Shopify

Transcript

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0:00.0	You're listening to TIP.
0:03.0	On today's classic episode, President I decided to read
0:06.0	Roger Lermanstein's book,
0:07.8	Buffett The Making of an American Capitalist.
0:10.4	Our episode was originally published as episode 64 back November 2015.
0:15.4	Many of our listeners perhaps do not know this but back in 2014 when President
0:19.9	I started the Emassus podcast the idea was just to talk about Warren Buffett. We also
0:24.9	wanted to record an episode a week and after three weeks, Press and I were looking at each
0:29.6	other and we were like, we can't talk about Warren Buffett every single week.
0:34.0	So instead we came up with the idea of we study billionaires with the intention that we would
0:39.1	mainly focus on Warren Buffett and then later talk about various billionaires.
0:43.6	So after we not only ran out of Warren Buffett topics,
0:47.2	we also ran out of billionaires to study.
0:49.7	And then our podcast turned more into a podcast of financial markets.
0:54.0	Now all of that being said, we always return to the topic of Warren Buffett,
0:58.0	and it's no different for this episode.
1:01.0	Warren Buffett is such a fascinating person and Robert Lewenstein's book,
1:04.8	Buffett, The Making of American Capitalist, is a book that everyone's serious about investing
1:09.7	should read. So without further ado, here is President and my book review.
1:15.0	We study billionaires and this is episode 64 of the investors podcast.
1:20.0	Broadcasting from Bel Air, Maryland.
1:23.0	This is the Investors Podcast.
	...

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