Warren Buffett's Macro-Trump

Burlington Northern's value today may be four times what they paid for it. The company was sitting on the edge of whether to go on Ogo, if you will. Warren did mention that if interest rates were higher, they may not have offered as much money. They went for it because of the manager and the manager was a huge part of the equation.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

IN THIS EPISODE, YOU’LL LEARN:

Why Mohnish Pabrai recently invested in Southwest Airlines.
What Mohnish Pabrai’s biggest investment mistake is, and how he later made more than $100 million because of it.
If Warren Buffett and Charlie Munger consider any macro decisions in their investment approach.
Why the airline industry is a terrible sector, but might still be a great investment at the moment.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mohnish’s new website: Chai with Pabrai.
Mohnish’s Book, The Dhandho Investor – Read Reviews for this book.
Mohnish’s Youtube Channel.
Kevin Freiberg’s book, Nuts – Read reviews of this book.
Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book.
Sam Walton’s book, Made in America – Read reviews of this book.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

River
Toyota
Fundrise
7-Eleven
The Bitcoin Way
Onramp
Public
Vanta
ReMarkable
Connect Invest
SimpleMining
Miro
Shopify

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app

Home Top podcasts Popular guests Top books