Gianini e, i can remember his first name, the founder of what ultimately became the bank of america was bank of italy in san franciscothat's a great story, o he. San francisco has an earthquake, an burns, and as the bill, as the build are burning, gionini calls in a wagon and loans up like 80 thousand dollars worth of gold. Back this is 19 o six, when 20 dollars would buy one ounce of gold. And to day's value, that's like eight million dollars of gold. I in a wagon where looters are everywhere. They covered it all up with oranges, orange crates, and for weeks. Later
Warren and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including Bitcoin, inflation, and recognizing the real intrinsic value of companies.
As lifelong learners from Buffett and Munger, Phil and Danielle recap their takeaways and learnings from this year’s meeting and explain how you can use those takeaways in order to succeed with your investments.
Learn more about how to successfully and safely invest your money even in times of inflation using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V
Topics discussed in this podcast:
- Annual Berkshire Hathaway Shareholder meeting
- How to define an investment
- Real intrinsic value of companies
- Bitcoin
Resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com
Learn more about your ad choices. Visit megaphone.fm/adchoices