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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI302: Roaming The Warren Buffett Landscape w/ Mary Buffett and Sean Seah

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6592 Ratings

🗓️ 31 October 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Kyle Grieve chats with Mary Buffett and Sean Seah about Warren's aversion to financial leverage and how he used float as a viable alternative, simple ways to find new ideas, why Warren loves monopolies so much, the way Buffett thinks about and eliminates commodity-type businesses, Buffett’s thought process on holding Coca-Cola when it was overpriced, how to develop patience and discipline, and a whole lot more! IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 02:07 - How Warren shuns leverage but found a way to use a different kind of leverage via insurance floats. 07:38 - The importance of simple investments. 09:59 - Simple ways to find new investing ideas. 12:33 - Why Warren Buffett loves monopolies. 36:14 Strategies for learning patience and discipline. 40:38 - The power of meditation for investing. 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. Read the 7 Secrets To Investing Like Warren Buffett. Purchase Mary Buffett’s Buffettology. Find all of Mary’s books. Find all of Sean’s Books. 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 Kyle: Twitter | Website Connect with Sean: Facebook| Website Connect with Mary: Website | LinkedIn 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

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0:00.0

You're listening to TIP.

0:02.7

My advice would be to look back at what you did or didn't do in terms of investing and

0:10.6

realize that if you had patience and discipline, you might have done something different.

0:16.1

You could have held on to stocks longer.

0:22.0

In this episode, I chat with Mary Buffett and Sean Sia about Warren's aversion

0:26.4

to financial leverage and how he used float as a viable alternative, simple ways to find new

0:31.6

ideas, why Warren loves monopoly so much, the way Buffett thinks about and eliminates commodity-type businesses.

0:39.1

Buffett's thought process on holding Coca-Cola when it was overpriced, how to develop patience and

0:43.6

discipline, and a whole lot more. Mary Buffett wrote two of my favorite investing books,

0:48.7

Buffettology and Warren Buffett and the interpretation of financial statements. A few of my

0:53.2

favorite lessons from these books were the importance of looking at stocks like bonds and alternative ways of valuing stocks.

0:58.8

I reference these two books often whenever I look to top up my knowledge on how I think about

1:02.6

investing. Her co-author, Sean Sia, did a great job of relating real-life experiences to the

1:07.3

investing process in their book, Seven Secrets to Investing like Warren Buffett. His investing experience has really resonated with me as I've gone through many of the same obstacles he did on the investing journey. If you enjoy learning about how Warren Buffett invests and how to utilize those lessons in easy to use ways, then you won't want to miss this episode. Now, without further ado, let's get right into this week's episode with

1:28.1

Mary Buffett and Sean Sia. You're listening to Millennial Investing by the Investors Podcast Network,

1:34.5

where your hosts, Robert Leonard, Patrick Donnelly, and Kyle Greve, interview successful entrepreneurs,

1:40.8

business leaders, and investors to help educate and inspire the millennial generation.

1:54.4

Welcome to the millennial investing podcast. I'm your host, Kyle Greve, and today we bring Mary Buffett and Sean

2:00.2

and Sean, welcome to the podcast. Thanks. Yes, happy to be sure. You two co-wrote a book called Seven Secrets to Investing Like Warren Buffett. In it, you have a wonderful Warren Buffett quote. You really don't need to use leverage. If you're smart, you're going to make a lot of money without borrowing.

2:19.6

What is it about leverage that attracts so many investors and why has Buffett managed to

2:23.6

stay away from it?

2:25.3

Borrowing money for Warren just isn't a good idea.

...

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