The Importance of Having a High IQ

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Berkshire Hathaway CEO Charlie Munger was asked about the company's 35% stake in Apple. He said he doesn't support having such a high concentration of any one company. The Berkshire portfolio is not only marketable securities like Apple and other ones, but also "inane things taught at universities" that are so full of hubris they teach you dewercification of your portfolio.

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

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