Berkshire's Global Strategy and Investment Psychology | 5min snip from We Study Billionaires

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TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

Berkshire's Global Strategy and Investment Psychology

This chapter examines Berkshire Hathaway's growing impact in Japan and its strategic partnerships that bolster its global investments. It also delves into investment philosophies and the psychological factors influencing position sizing in portfolios, based on a listener's inquiry.

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Episode notes

In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

05:30 - Buffett and Munger’s thoughts on the commercial real estate.

09:37 - Why value investors must evolve to the increasingly competitive world of investing.

17:36 - How Buffett allocates capital to balance profits versus building out a competitive moat.

33:04 - Munger’s stance on position sizing.

38:16 - Buffett’s updated thoughts on Taiwan Semiconductor which is a business Berkshire entered and fully exited over a matter of months.

40:09 - Buffett’s thoughts on the US Dollar’s status as the world’s reserve currency.

54:40 - Common mistakes to avoid to live a good life.

01:01:21 - Buffett and Munger’s most recent thoughts on Occidental.

01:12:23 - How Berkshire can continue to attract high quality subsidiary managers.

Disclaimer: Slight discrepancies in the timestamps 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 the full video of the Berkshire Hathaway meeting here.
Check out our recent episode covering Mark Leonard’s Letter’s and Constellation Software. Watch the video here.
Check out Clay’s YouTube video calculating the intrinsic value of Constellation Software here.
Follow Clay on Twitter.

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