Warren Buffett’s Margin of Safety

The Compound and Friends

Josh Brown

News, Business News, Business, Investing

4.7 • 2.2K Ratings

🗓️ 1 March 2024

⏱️ 96 minutes

🔗️ Recording | iTunes | RSS

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Summary

On episode 132 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Larry Cunningham! They discuss the greatness of Charlie Munger, how Warren Buffett found his voice, the 3 most important words in investing, corporate governance, ESG, and much more! Thanks to Public for sponsoring this episode. Go to https://public.com/ and activate options trading by March 31st to lock in your lifetime rebate. See disclosure below for more details. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more. For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See https://public.com/#disclosures-main for more information. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	What do you think of the fact that one of the reasons why
0:04.4	Bitcoin has been as successful as it has is, I don't say lack of corporate
0:08.5	governance, it's probably the opposite, but you can't
0:10.9	with it.
0:11.9	It's fantasy, Part of its fantasy.
0:14.0	People think they can get rich, quick, doing something new and exciting.
0:18.0	So there's just, there's a lot of coolator.
0:20.0	Of course that's true. But the fact that it is immutable, that it can't be messed with, that the code is what it is, like, probably, not probably something they thought about a lot. They thought a lot about that at the beginning. That was like sort of the whole point of it was the
0:33.2	anti Wall Street thing. We needed a different answer that the banks can't do this,
0:37.8	the Fed can't print more money like this just is what it is. I think it's a huge
0:41.5	part of the Bitcoin story. And I'm not like a
0:43.7	Bitcoin psycho by the way. Yeah, that's certainly a big part of the
0:47.3	engineering and the appeal. But there are a lot of challenges in that space, you know, security is one thing, right?
0:57.2	You also have to have some actual value.
0:59.6	There should be some utility.
1:01.6	And it's not always obvious. It's early and then the other it's early.
1:05.5	The other few decades we might find a use for it. Maybe. Beyond speculation.
1:09.3	The other real danger there guys is the state actors and terrorists and
1:16.5	extortionists you know who are doing cyber invasion you know that's their market
1:22.1	and you never know who they are, you never know who they are, you never know where that money's going.
1:25.6	Yeah.
1:26.6	Everything's traded on some sort of cyber type of coin, and it's extremely dangerous.
	...

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