TIP246: Part 2 - Berkshire Hathaway Shareholders Meeting Q&A - Warren Buffett & Charlie Munger (Business Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 9 June 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Once a year Billionaires Warren Buffett and Charlie Munger hold their annual shareholder meeting for Berkshire Hathaway. This episode covers four interesting questions that Buffett and Munger were asked during the meeting. IN THIS EPISODE YOU’LL LEARN: If Warren Buffett would invest in an index fund with his excess cash of more than $100B? How do I decide where to start when building my circle of competences? Why Warren Buffett has a different view on Corporate Governance than Corporate America How Warren Buffett thinks about AI and machine learning, and if it will change the landscape of employment Ask The Investors: How do I value emerging moats? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Preston and Stig’s discussion of previous Berkshire Hathaway Shareholder’s Meetings. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. 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: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ 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! 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Transcript

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0:00.0	You're listening to TI-P.
0:30.0	You're listening to TI-P.
0:34.0	Where we study the financial markets and read the books that influence self-made billionaires
0:40.0	the most.
0:41.0	We keep you informed and prepared for the unexpected.
0:45.0	Hey everyone, welcome to the investors podcast.
0:55.0	I'm your host Preston Pishin.
0:57.0	My name is Ferotis Cayum and I'm from Mississauga in Canada and now live in New York.
1:09.0	My question is how to best emulate your success in building your circle of competence.
1:16.0	Given the environment today and investing is a lot more competitive than when you started out,
1:22.0	what would you do differently if anything at all when building your circle?
1:26.0	Would you still build a very broad, generalist framework?
1:29.0	Or would you build a much deeper but narrower focus on industries, markets or even a country?
1:35.0	And if so, which ones would interest you?
1:37.0	Thank you.
1:38.0	Yeah, we're writers.
1:40.0	It's much more competitive now.
1:42.0	When I started, I literally could take the Moody's Industrial Manual and I could go through a page by page.
1:48.0	I'd at least run my eyes over every company and think about which ones I might think more about.
1:54.0	I would just do a whole lot of reading, I'd try to learn as much as I could about as many businesses.
1:59.0	And I would try to figure out which ones I really had, some important knowledge and understanding
2:06.0	that was overwhelmingly most of my competitors.
	...

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