Classic 11: Warren Buffett’s Biography
We Study Billionaires - The Investor’s Podcast Network
Strategies for Stock Selection and Risk Management
This chapter explores effective strategies for generating investment stock ideas, focusing on the use of stock screeners. The speakers discuss the trade-offs between investing in small cap and large cap companies, while also highlighting the importance of leveraging trusted networks for stock recommendations.
IN THIS EPISODE, YOU’LL LEARN:
- 04:02 - How Warren Buffett already read financial statements when he was a kid.
- 12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.
- 24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.
- 25:41 - Why Warren Buffett never replaces management in the companies he acquires.
- 27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way.
- 41:01 - Ask the Investors: How do you generate ideas for new stock investments?
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Check out our five-page executive summary of Buffett: The Making of an American Capitalist.
- Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book.
- Alice Schroeder’s book, The Snowball – Read reviews of this book.
- Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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