I went through every Berkshire meeting going back to since they've been transcribing them which is in the 1994. From there I came up with 18 different characteristics that would be of a bad business or what makes a bad business bad. When you have these filters you can say oh wait, I know I love this company but yeah the customer churns really bad and that's not going to make for a great investment situation for me. It doesn't guarantee you're going to become next Warren Buffett or the next stock market billionaire but I think you can avoid making a lot of the mistakes that are very easy to make even for experienced investors.
IN THIS EPISODE, YOU’LL LEARN:
02:00 - What led Chris into being so passionate about studying Warren Buffett and Charlie Munger.
08:45 - Why Chris chooses to allocate most of his portfolio to index funds.
17:18 - Why Chris typically avoids investing in more mature companies.
23:20 - How Warren Buffett’s definition of risk differs from that of the academics.
29:14 - What makes Costco such a great business.
36:21 - The opportunities for growth that Costco will be pursuing.
55:22 - How Warren Buffett and Charlie Munger’s investment strategies differ.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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