Wildcard: Berkshire Hathaway and the Power of Quality Shareholders w/ Lawrence Cunningham
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 2 September 2020
⏱️ 66 minutes
🧾️ Download transcript
Summary
Warren Buffett just turned 90, announcing a $6 billion investment in five major Japanese trading firms nearly simultaneously. Law professor, corporate governance expert, writer, and Berkshire Hathaway scholar Lawrence Cunningham joins the show to discuss Berkshire’s latest investments, Buffett’s legacy, and how businesses like Berkshire attract quality shareholders. Additional topics include: Constellation Software, succession at Berkshire, ESG investing, and more.
Professor Cunningham’s latest book, Quality Shareholders: How the Best Managers Attract and Keep Them is available later this Fall.
Stocks Discussed: BRK.A, BRK.B, DHR, MKL, JEF, GHC, CNSWF, FRFHF
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Transcript
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| 0:00.0 | Welcome to Industry Focus. The podcast that dives into a different sector of the stock market each day. |
| 0:11.0 | I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today |
| 0:16.0 | we're talking financials. Today we're talking consumer goods. |
| 0:19.1 | Wild-Cerve! Wednesday. And we're talking energy. And today we're talking tech. Let's dive in. |
| 0:26.3 | Welcome to Industry Focus. I'm Nick Saipold. Joining me today is Molly Fool analyst Buck Hartzell. |
| 0:31.2 | Our special guest is Lawrence Cunningham. |
| 0:33.2 | Professor Cunningham is the author of two dozen books with his latest book being |
| 0:37.1 | quality shareholders how the best managers attract and keep them. In addition to his |
| 0:41.4 | writing he serves as a faculty member at the |
| 0:43.2 | George Washington University School of Law as well as consulting on corporate |
| 0:46.6 | governance and has and serving on the boards of directors of numerous public and |
| 0:50.4 | private companies including Constellation software where he currently serves as vice chairman |
| 0:54.6 | Lawrence Cunningham welcome to Industry Focus. |
| 0:57.3 | Wonderful to be here. |
| 0:58.9 | Thanks for joining us Larry. |
| 1:00.1 | We appreciate you taking the time. |
| 1:02.1 | Always a pleasure to be with you, Beck, and the Martin full crowd. |
| 1:05.0 | Yeah. |
| 1:06.0 | Larry, mention your writing, you've been writing about Warren Buffett and compiling his letters for a number of years. |
| 1:12.0 | He just turned 90 over the weekend. |
| 1:14.1 | You know him personally, just kind of a fun question off the bat. What birthday present do you |
| 1:18.4 | buy for a guy like Warren Buffett, a guy who has everything? |
... |
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