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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI222: How to Invest Like Warren Buffett w/ Robert Hagstrom

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 20 September 2022

⏱️ 63 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 04:55 - Robert’s biggest learnings from studying Warren Buffett over the years.  23:55 - How to value businesses using Warren Buffett’s method.  26:31 - What are some of Warren Buffett’s biggest investment mistakes were and what we can learn from them.  38:52 - Why Robert believes growth stocks are the most mispriced part of the market right now.  46:12 - What is the difference between “old tech” and “new tech” stocks and which is more underpriced right now.  51:19 - Why a company’s value has nothing to do with the price multiple it’s trading at.  55:44 - What financial ratios and metrics Robert relies on most to determine whether a company is a good investment.  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. Check out EquityCompass. Robert’s books: The Warren Buffett Portfolio, The Warren Buffett Way, Investing: The Last Liberal Art, Warren Buffett: Inside the Ultimate Money Mind. Related Episode: Investing Like Warren Buffett w/ Jake Taylor - MI123. Related Episode: Inside the Money of Warren Buffett w/ Robert Hagstrom - TIP360.   NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert: Twitter |LinkedIn    Connect with Rebecca: Twitter | Instagram 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 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

So having a portfolio of high-quality growth stocks today that are easily down 50% that could double over the next three to five years will outperform the market, no doubt in my mind.

0:13.9

The market will not go up 15% per year for the next five years.

0:17.4

It just doesn't have the economic whereforeall to do that.

0:20.1

But the mispricing in the

0:21.2

growth market is so severe right now. There's no doubt that is the market of the highest excess

0:27.4

returns going forward. On today's show, I'm joined by Robert Heggstrom, who is the chief

0:36.6

investment officer at Equity Compass

0:38.7

and New York Times bestselling author, where Robert has written multiple books, especially on

0:44.8

Warren Buffett. During today's episode, I chat with Robert all about how to invest like

0:50.0

Warren Buffett in detail, what he thinks made Buffett one of the greatest investors of all

0:54.9

time, what criteria Buffett used to find great companies, and how we can apply his strategy

1:00.6

to our process today, along with what Robert thinks is the most important metrics for investors

1:05.9

to look at when valuing a company, why Robert believes growth stocks are the most misprice part of the market

1:11.7

and so much more. This was such a great conversation. I know that I learned so much from

1:17.6

chatting with Robert today. So I hope that you enjoy today's conversation with Robert as much as I did.

1:24.9

You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, Robert

1:30.8

Leonard and Rebecca Hotsko, interview successful entrepreneurs, business leaders and investors

1:35.9

to help educate and inspire the millennial generation.

1:49.7

Welcome to the Millennial Investing Podcast.

1:55.6

I'm your host, Rebecca Hotsko, and on today's episode, I'm joined by Robert Hegstrom.

1:57.4

Robert, welcome to the show.

1:58.9

Hi, Rebecca.

...

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