For over 30 years the Berkshire Hathaway Annual meetings were recorded. Munger and Buffett answered over 1700 questions from shareholders during that period. Alex Morris watched hundreds of hours of these meetings and then he gathered, organized, and edited the most interesting ideas into 450+ pages — all in Buffett and Munger's own words. I thought it would be fun to rip through a bunch of Munger and Buffett's best ideas very rapidly. It was. This episode is what I learned from reading Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Shareholder Meetings by Alex Morris. Buy the book: https://amzn.to/3QAloM2 ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp https://ramp.com/ and learning how they can help your business control your costs and save more. https://ramp.com/ ---- Vesto: All of your company's financial accounts in one view. Connect and control all of your business bank accounts from one dashboard. Go to Vesto https://www.vesto.com/ and schedule a demo with the founder Ben. Tell him David sent you. https://www.vesto.com/ ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. https://www.foundersnotes.com/ ---- Join my free email newsletter to get my top 10 highlights from every book https://davidsenra.com ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast https://amzn.to/4iev7mS
"I just find it's a thrilling mental exercise because you're going against the masses and everyone's telling you you're wrong and you are planting a flag and saying, "No, I'm right and I'm going to put my money behind it, or the money of our investors.” -- EddyElfenbein Catch the full episode here: https://www.youtube.com/watch?v=HrPdi2PFnk0
Chairman of Berkshire Hathaway, Charles Munger describes his long business relationship and friendship with Warren Buffett that started in 1959. He discusses what makes a great company, the investment game, and succeeding from knowing the big ideas. Charles Thomas Munger was born in 1924 in Omaha, Nebraska. He studied mathematics at the University of Michigan and dropped out to serve in the U.S. Army. After his service, he studied meteorology at Caltech, and took a number of advanced courses, eventually receiving a J.D. from Harvard Law. He practiced for a short time and left law to concentrate on managing investments and real estate development. Although Munger is better known for his association with Buffett, he ran an investment partnership of his own from 1962 to 1975 and served as chairman of Wesco Financial Corporation. Wesco became a wholly-owned subsidiary of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger has served as the vice-chairman of Berkshire Hathaway, where he and Buffett are close partners. They are one of the main inspirations behind the book Seeking Wisdom: From Darwin to Munger (2003). From the HBO / Kunhardt Film Foundation (KFF) Documentary "Becoming Warren Buffett." With a net worth of over $60,000,000,000, Warren Buffett is truly a one-of-a-kind billionaire. This documentary chronicles Buffett's evolution into one of the wealthiest and most respected men in the world. Subscribe for access to interviews, series, films, and educational materials that address issues of social justice, history, politics, the arts, and culture by spotlighting relatable human stories of purpose and meaning. Learn about our work and how to support our mission here: https://www.lifestories.org/. For extended versions of these interviews and more, visit: https://www.youtube.com/@lifestoriesinterviewarchive Follow us on Instagram: https://www.instagram.com/lifestoriesinterviews/ Charles Munger, Warren's Business Partner Interviewed By: Doug Blush Interview Date: June 6, 2016 © Home Box Office and Kunhardt Film Foundation. All Rights Reserved. #CharlesMungerInterview #kunhardtfilmfoundation
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“You should invest in a business that even a fool can run, because someday a fool will.” -- Warren Buffett Here's John Fio on why ideas are HARDER than execution.
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Here’s Frederik Gieschen on the overlap between investors and people who play games of chance 🎲🃏
I sent a friend this text: I'm working on another Li Lu episode but this one is about his remarkable investing career. Can be summarized by: 1. Studied Buffett and Munger. 2. Did that. Last episode was about how Li Lu survived one of the most horrific childhoods imaginable. This episode covers how he thinks about investing and entrepreneurship—in his own words. Sources: The forward to the Chinese edition of Poor Charlie’s Almanack written by Li Lu Li Lu's Colombia Business School lecture 2006 Li Lu’s San Francisco State University lecture 2012 Graham & Doddsville interview with Li Lu 13th Colombia Business Conference 2021 Li Lu's Reflections On Reaching Fifty https://www.founderspodcast.com/ Full Transcript and Show Notes: https://joincolossus.com/episode/363-li-lu-and-charlie-munger-and-warren-buffett/ David Senra: https://x.com/FoundersPodcast?s=20
The concept of 'pair-programming' should be applied to many more disciplines. Consider Warren Buffet and Charlie Munger. Michael Eisner and Frank Wells. Mike Moritz and Doug Leone. Legendary runs. Danny Crichton explains how collaborative partnerships are underrated. Check out our full conversation here: https://youtu.be/sH8L22LRhno
2024 has been a year of shocks and surprises, before starting the new year, here is the expert knowledge you need to not just survive but financially thrive in 2025 00:00 Intro 01:42 Investing 101 05:00 Should I Use Investing Apps? 06:41 How to Invest With $100 09:28 Common Mistakes With Investment Accounts 11:15 What's the Proof This Is Actually a Good Way to Build Wealth? 12:35 Compound Interest: Watch Your Money Grow 18:25 The Biggest Debt We Pay 20:32 Find Where Your Skills Are Most Valued 22:51 The Most Valuable Bit of Information You Wish You'd Known Sooner 26:01 Finding Your Unfair Bet That Will Make You Lots of Money 28:05 Applying Your Skills to Get the Most Money 30:35 Example of Ways to Apply Your Skills 34:11 The Importance of Doing Deals 35:29 Where Do We Go to Learn How to Make Deals? 36:18 Playing the Tax Game 37:36 What Are the Tax Games the Rich Are Playing? 40:08 How to Bring Your Tax Down From 40% to 8% 41:27 Leveraging Investments and Tax 42:56 The Importance of Understanding Tax 45:11 Morgan Housel's Capital Allocation Strategy 46:39 How to Get Into the Top 5% of Investors Easily 47:59 Dollar Cost Averaging 48:37 What's an Index Fund? 49:48 How to Build Wealth Like Warren Buffett 51:07 The Importance of Patience 53:03 Play Games Not Many People Can Play 54:40 Don't Do This to Make Money 56:10 The Blockchain 57:45 Investing in the Blockchain 01:00:14 Everyone Is Equal When It Comes to the Blockchain 01:01:54 Crypto Use Cases 01:03:13 If I Own Crypto, How Do the Other Use Cases Benefit Me? 01:04:26 How Do I Invest in Crypto? 01:07:18 The Bank or Government Doesn't Control Any of Your Crypto 01:08:07 How to Get Out of the Living Paycheck-to-Paycheck Cycle 01:09:46 If You See This, You're in the Financial Danger Zone 01:11:01 Pick Your Hard 01:13:49 Understanding The Seasons of Life 01:16:27 Wanting to Look Rich Will Make You Go Broke 01:18:01 Stop Making Emotional Decisions and Start Making Logical Ones Ramit Sethi: Instagram - https://g2ul0.app.link/aSZvN6VtsPb Twitter - https://g2ul0.app.link/EedVkJXtsPb Alex Hormozi: Instagram: http://bit.ly/40WnLMu Website: http://bit.ly/3UasFTS Codie Sanchez: Instagram - https://g2ul0.app.link/u3G7Nk0tsPb Twitter - https://g2ul0.app.link/VsOtmy2tsPb Morgan Housel: Instagram - https://g2ul0.app.link/Xapn1IStsPb Twitter - https://g2ul0.app.link/e0uZ1qUtsPb Scott Galloway: Instagram - https://g2ul0.app.link/1ezLPGEtsPb Twitter - https://g2ul0.app.link/lRQaCHGtsPb Raoul Pal: Instagram - https://g2ul0.app.link/rwzfyoOtsPb Twitter - https://g2ul0.app.link/gqdDHBQtsPb Jaspreet Singh: Instagram - https://g2ul0.app.link/oGfm8vJtsPb Twitter - https://g2ul0.app.link/FUu6rdLtsPb You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb
What I learned from reading "All I Want To Know Is Where I'm Going To Die So I'll Never Go There: Buffett & Munger – A Study in Simplicity and Uncommon, Common Sense" (https://a.co/d/cdxGr8I) by Peter Bevelin. https://www.founderspodcast.com/ Full Transcript and Show Notes: https://www.founderspodcast.com/episodes/73095623/senra-warren-buffett-charlie-munger-a-study-in-simplicity-and-uncommon-common-sense David Senra: https://x.com/FoundersPodcast?s=20
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Warren Buffett, Charlie Munger and Bill Gates sit down with Becky Quick to discuss a variety of topics including the markets, the state of the economy, the China trade talks and the state of health care around the world.
"I don't want to have a narrow focus. If you could tell me that I could have 10 times more money and speak one language less, I don't want to do it.” Guy Spier explains what he learned from his lunch with Warren Buffett… Full episode: https://www.youtube.com/watch?v=vRnQ0UoA9fk
What I learned from reading "What I Learned Before I Sold to Warren Buffett: An Entrepreneur's Guide to Developing a Highly Successful Company" (https://a.co/d/fzzdOjO) by Barnett Helzberg Jr. https://www.founderspodcast.com/ Full Transcript and Show Notes: https://www.founderspodcast.com/episodes/73112912/senra-barnett-helzberg-jr-what-i-learned-before-i-sold-to-warren-buffett David Senra: https://x.com/FoundersPodcast?s=20
This week I met with high performance expert and psychologist, Jamil Qureshi and delved into the secrets behind unlocking your own potential and mastering your mind. Jamil has worked with some of the biggest businesses, sports teams and individuals to help them reach the highest level of performance. In this episode he reveals the hidden secrets behind their success… And how YOU can use them to your advantage! FOLLOW ► Facebook: https://www.facebook.com/SCbartlett Twitter: @SteveBartlettSC Instagram: @steven Linkedin: http://bit.ly/StevenBartlettLinkedIn Jamil: Linkedin: https://www.linkedin.com/in/jamil-qureshi-494661a/ Twitter: @Jamil_Qureshi Website: www.jamilqureshi.com My book pre-order: (UK, US, AUS, NZ Link) - http://hyperurl.co/xenkw2 (EU & Rest of the World Link) https://www.bookdepository.com/Happy-Sexy-Millionaire-Steven-Bartlett/9781529301496?ref=grid-view&qid=1610300058833&sr=1-2 Sponsor - https://uk.huel.com/
Sign Up for "Writing Examples" and Learn From The Best Writing of All Time: https://www.writingexamples.com Come learn how Chamath Palihapitiya, tech billionaire and Silicon Valley icon, breathes life into his ideas — and how you can, too. This episode is all about the push and pull of online writing. Objectivity vs. subjectivity. Consuming vs. creating. Structure vs. spontaneity. TIMESTAMPS: 00:00:00 Intro 00:00:37 Buffett's annual letters 00:05:30 Energy of your writing 00:07:15 Twitter 00:14:00 AOL versus Facebook 00:16:40 Acquisition, activation, engagement, virality 00:23:40 Moments of epiphany 00:26:30 Directing energy into ideas 00:27:20 Refining your craft 00:31:50 Writing on Quora 00:34:20 Authenticity and relatability 00:36:30 David's advice for Chamath 00:37:00 GPT-4 00:40:20 Teaching your kids to read and write 00:42:00 Using data to improve your writing 00:43:00 Electrical engineering and writing 00:45:00 Communicating good ideas SPEAKER LINKS: Website: https://www.socialcapital.com/ Twitter: https://twitter.com/chamath Annual Letters: https://www.socialcapital.com/annual-letters Newsletter: https://chamath.substack.com/ WRITE OF PASSAGE: Want to learn more about the next class for Write of Passage? Click here: https://writeofpassage.school PODCAST LINKS: Website: https://writeofpassage.school/how-i-write/ Apple: https://podcasts.apple.com/us/podcast/how-i-write/id1700171470 Spotify: https://open.spotify.com/show/2DjMSboniFAeGA8v9NpoPv ABOUT THE HOST: I’m David Perell and I’m a writer, teacher, and podcaster. I believe writing online is one of the biggest opportunities in the world today. For the first time in human history, everybody can freely share their ideas with a global audience. I seek to help as many people publish their writing online as possible. How I Write is a podcast by Write of Passage // Production by Adam Soccolich