4.4 • 823 Ratings
🗓️ 4 May 2021
⏱️ 40 minutes
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Motley Fool Co-Founder and Chief Rule Breaker, David Gardner, joins us to share his investing philosophy and the traits he looks for in a Rule Breaking company.
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0:00.0 | This is Motleyful Answers. I'm Alison Southwick and I'm joined as always by Roberts Rules of |
0:08.5 | Order, Brokamp, personal finance expert here at the Motley Fool. Well, listeners, get excited. |
0:15.5 | Oh, wait, did I just even skip saying, I even skipped saying hi to you. I'm so excited about today's |
0:19.7 | guest. Bro, how are you? That's okay. I'm fine, Allison. How are you? |
0:23.7 | Okay, great. All right. So get excited because the one and only David Gardner, |
0:29.4 | co-founder and chief rule breaker of the Motley Fool will be joining us for the next couple |
0:33.4 | episodes to share his guiding principles for investing success. And this week, we'll cover his |
0:39.1 | six traits of a rule breaker stock. All that and more on this week's episode of Motleyful |
0:44.4 | answers. So, bro, what's up? Well, Allison, this past Saturday was the Berkshire Hathaway |
0:52.2 | annual meeting. And like the previous year, it was very different, |
0:56.3 | not a public gathering, but this year it was in L.A. So that Warren Buffett could do it with his partner, |
1:03.6 | Charlie Munger. Munger being 97 years old, does not travel as much. Buffett, however, is a spry 90, |
1:09.8 | so he was able to make the flight out there. |
1:12.4 | And so they kick it off, and Buffett pointed out that they met 62 years ago. And at the time, |
1:18.5 | Munger was building a house in just a few months before that, Buffett had bought a house. And 62 years later, |
1:25.1 | they're both in the same houses. And I've never seen Munger's house, |
1:29.0 | but I've seen Buffett's. I kind of walked around the neighborhood when I went to one of |
1:31.8 | the annual meetings. It's definitely a nice house, nice neighborhood. Zillow values it as $1.3 million. |
1:37.2 | Don't know how accurate that is. And it's the nicest house of this neighborhood, but most |
1:42.4 | the other houses are like $500,000, $600,000. So it's not slumming it, but it's probably not what most people would |
1:48.1 | expect from one of the richest people in the world. I just think it's one of those interesting |
1:51.2 | things about Warren Buffett. Buffett Munger were joined by two other folks, Ajit Jane, who |
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