The Importance of Finding Great Management

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Banks that are publicly traded have competing interests and the wrong incentives for what they actually do which is to provide good loans. Buffett was saying Greg is fabulous and he will be fabulous with this and his successor you know I leave that up to Greg something that you need to understand about business. You really want a business that's simple enough that an idiot can run it because someday an idiot will and you want the business to survive that bad management.

After last week’s episode scratched the surface of the recent Berkshire shareholder meeting’s Q&A session, we’re going back to the well of investing wisdom that is Buffett & Co.

This year’s meeting brought a number of insights, both personal and business-related, from the leaders at Berkshire. What do some of the world’s most successful investors have to say about what guides their strategies in 2023?

This week on InvestED, Phil and Danielle dive deeper into the weeds of the Berkshire Hathaway shareholder meeting and share some wisdom of their own.

To mark your own financial progress and plan for the future, click here for your copy of Map Out Your Investing Journey: https://bit.ly/3WbuIbe

Topics Discussed:

Resources Discussed: