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Motley Fool Hidden Gems Investing

The Quotable Mr. Buffett

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 16 August 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Big Retail starts to report earnings and the news is good (so far). (0:21) Jason Moser discusses: - Walmart exceeded lowered expectations for the 2nd quarter - CEO Doug McMillon's comments on the new customers that drove results - Home Depot passing inflation costs onto customers (and not missing a beat) - How the expectations bar has been raised for Target and Lowe's (13:37) Warren Buffett's quotations hold meaning for investors, regardless of their portfolio size. Alison Southwick and Robert Brokamp and a host of Fool investors share their favorite Buffett quotes and why they're relevant. Stocks mentioned: WMT, HD, LOW, TGT, BRK.A, BRK.B Host: Chris Hill Guest: Jason Moser, Alison Southwick, Robert Brokamp, Buck Hartzell, Alyce Lomax, Scott Phillips, Anand Chokkavelu Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Big retail starts to report and Warren Buffett has a few words for investors.

0:10.2

Motifull Money starts now.

0:11.9

I'm Chris Hill, joined by Motifull Senior and Les Chasin-Mozor.

0:24.3

Thanks for being here.

0:25.3

Hey, hey, thanks for having me.

0:28.1

Let's start with the biggest retailer out there.

0:31.1

Walmart.

0:32.1

Let's be clear.

0:33.1

Walmart had lowered expectations heading into their second quarter results, but they beat

0:37.8

the lowered expectations on both the top and bottom lines.

0:42.4

And for anyone wondering about the size and scope of Walmart, they did just under $153

0:50.4

billion worth of sales in the quarter.

0:53.8

Yeah, I mean, I know some people might like to call shenanigans and be like, well, you

0:59.2

know, they lowered expectations a month ago.

1:01.4

And lo and behold, they come out and beat those lowered expectations.

1:04.6

So, hey, listen, I think at this point in the game, you just got to take whatever you

1:08.4

can get, right?

1:09.8

It's good to see that the business is doing okay, regardless of the expectations game.

1:18.1

And honestly, that's why we tell folks not to get due hung up on that stuff, right?

1:22.6

Just focus on making sure the company is doing what they say they're going to do, right?

1:26.5

Focus on leadership doing what they say they're going to do.

1:29.1

And I think in this case, they are.

...

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