TIP 062 : Warren Buffett's Favorite Book, Security Analysis (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 29 November 2015
⏱️ 51 minutes
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| 0:00.0 | We study billionaires and this is episode 62 of the Investors Podcast. |
| 0:06.0 | Broadcasting from Bel Air, Maryland. This is the Investors Podcast. |
| 0:14.0 | They'll read the books and summarize the lessons. They'll test the waters. |
| 0:18.0 | Tell you what it's called. They'll give you actionable investing strategies. |
| 0:23.0 | Your host Preston Pish and St. Broderson. |
| 0:29.0 | Hey, how's everybody doing out there? This is Preston Pish and I'm your host for the Investors Podcast. |
| 0:34.0 | As usual, I'm accompanied by my co-host St. Broderson out in Denmark. |
| 0:38.0 | Stig and I are reading a really long book right now. |
| 0:41.0 | We just finished up our last episode with Trent talking about Charlie Munger and we're reading a really long book. |
| 0:47.0 | We needed a little bit of extra time to be able to get through that book. |
| 0:51.0 | Stig and I were saying, which books have we read in the past that we could do an episode on? |
| 0:56.0 | And the one book that kind of came to mind was this book called Security Analysis. |
| 1:01.0 | I know there's a lot of people out there that are always hearing us talk about the book security analysis. |
| 1:06.0 | But today's episode, we're actually going to go into a little bit of depth to talk about what we actually know about this book. |
| 1:12.0 | So before we start diving in and talking about this particular book, |
| 1:17.0 | I think it's really important for us to give the proper amount of context for people to understand what it is that we're about to talk about today. |
| 1:25.0 | Warren Buffett has a quote saying that security analysis, the intelligent investor in the wealth of nations were three very, very influential books shaping his life. |
| 1:34.0 | He also has another one that he's read called Common Stock and Uncommon Profits by Phil Fisher. |
| 1:40.0 | He says that that makes up about 15% of his investing philosophy as he's broke that down into a percent. |
| 1:46.0 | But the one that we're really going to focus on, as I said, is security analysis. |
| 1:49.0 | So I want to start off by reading the forward in security analysis, which is written by Warren Buffett. |
| 1:55.0 | The book starts off and it's a four or five paragraphs here. |
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