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The James Altucher Show

Warren Buffett's Worst Trade Ever | Trung Phan

The James Altucher Show

James Altucher

Education, Business

4.62.7K Ratings

🗓️ 16 September 2022

⏱️ 62 minutes

🧾️ Download transcript

Summary

Trung Phan returns to the show for a third time to discuss Warren Buffett's $18 billion miss on Disney - twice!He and James discuss the 92-year-old's growth investment strategies focused on long-term stakes, reducing risk profiles, and increasing margins decade-over-decade.Additional topics include:Warren Buffett's 1966 Meeting with Walt Disney (03:56)How Warren Buffet became CEO of Berkshire Hathaway (13:50)Warren Buffett's relationships with Michael Eisner and Bob Iger (20:00)Buffett's willingness to invest in a company "late" (30:24)How did Buffett's investment style change over the decades? (40:20)The story of Rose Blumkin and the Nebraska Furniture Mart (45:50)James' trading strategy to piggyback Berkshire Hathaway's positions (52:42)(Editor's note: Topic times don't account for sponsor ads and may appear a few minutes later in the episode on your podcast player)------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

What is the trade that cost Warren Buffett the most amount of money ever?

0:13.2

And it's a big number.

0:14.7

It's very interesting to study this trade, to break it down, to understand how Warren Buffett's

0:21.7

style has changed over time.

0:23.7

And I've written a book about Warren Buffett.

0:25.0

It's called Trade Lake Warren Buffett.

0:26.0

I do think Warren Buffett is the best investor of all time.

0:28.9

I follow everything he does.

0:30.8

Whether you agree with him or not on different issues or different stocks doesn't matter.

0:34.4

The guy has been investing for over 70 years.

0:37.8

He's been obsessed with it for 70 years, seven days a week.

0:41.2

And it's really good to learn his lessons.

0:43.9

Trunk Fan who's been on the podcast before, he has broken down completely from beginning

0:48.8

to end Warren Buffett's worst trade ever.

0:52.2

And Trunk and I talk about it.

0:56.8

This isn't your average business podcast and he's not your average host.

1:01.7

This is the James Altiger Show.

1:08.2

Trunk Fan welcome back to the podcast to talk about Warren Buffett.

1:12.2

Yes, number three.

1:13.6

Yeah, yeah, number three.

1:15.2

And Warren Buffett being one of my favorite topics, the best investor ever.

1:18.5

I wrote a book that no one ever remembers anymore.

...

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