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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI Rewind: Warren Buffett, Charlie Munger, and Berkshire Hathaway w/ Adam Mead

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 8 April 2022

⏱️ 73 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE YOU’LL LEARN: 03:18 - Who is Warren Buffett and Charlie Munger? 03:18 - How did they influence each other’s investing approach? 06:36 - Who is Benjamin Graham and what was his impact on Buffett? 08:46 - What is value investing and why is it relevant in today’s market? 25:12 - The evolution of Berkshire Hathaway (BRK) and common misconceptions about it. 37:20 - Why Buffett hasn’t deployed BRK’s large cash pile amid the COVID crisis. 43:51 - Why investors shouldn’t just copy Buffett’s stock picks. 45:20 - What has been the leading cause for Buffett’s underperformance over the last decade? 52:22 - The timeless principles of the Oracle of Omaha that have led to his success and are worth following. 57:08 - The future of BRK and if it will survive without Buffett and/or Munger. And much, much more! *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 Kyle and the other community members. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Adam Mead’s book The Complete Financial History of Berkshire Hathaway. Mead Capital Management website. The Oracle’s Classroom YouTube Channel.  Stig Brodersen and Preston Pysh’s book Warren Buffett Accounting Book. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Adam Mead: Website | Twitter | LinkedIn | Facebook  Connect with Robert: Instagram | Twitter | LinkedIn | Facebook HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:02.3

On today's show, we continue to revisit some of my favorite podcast from the past in this

0:07.7

millennial investing rewind.

0:09.6

If you've missed our previous Rewind episodes, we've started to reshare some older episodes

0:15.1

that are my favorites for a few reasons.

0:18.0

One, we get a bunch of new listeners each week, so the new listeners may not have heard

0:22.5

this episode before.

0:24.0

Two, even if you've been listening for a while, you may have missed this episode when it

0:28.7

originally came out.

0:30.3

Or three, even if you've heard it before, it can be a great episode to learn from again.

0:35.6

If you've already heard this episode or you're not interested

0:38.1

in hearing it, feel free to just skip it. There's no harm in that, and you could pick up with our

0:42.2

new episodes next week. All right, guys, that's all I had for you for this new intro. Everything

0:48.0

going forward is going to be from the original show. Hope you guys enjoy it.

1:00.4

On today's show, I chat with Adam Mead about his book, The Complete Financial History of Berkshire Hathaway, a chronological analysis of Warren Buffett and Charlie Munger's

1:04.9

conglomerate masterpiece. Despite many books already published about this topic,

1:10.5

Adam decided to make this one in order

1:12.8

to share new and fascinating facts about these three financial giants.

1:18.0

For instance, did you know that Buffett isn't actually the founder of Berkshire Hathaway?

1:23.5

We'll also be discussing a few common misconceptions about Berkshire Hathaway, for example,

1:28.8

the value of its float and the strength of its insurance companies.

1:33.5

And we'll talk about questions on everyone's mind, such as, why hasn't Buffett deployed

...

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