i did a statistical study of what happens if you buy every warren buffet stock after he buys it. And so i pitched this to a small bank, and they gave me about 15 million,. maybe a little more, to invest with in in two thousand six. And i started doing the strategy, and it did very well. But then that's amazingyesad: It's like it's slow and steady. It's going to beat the flashe. I do say that fa dreadful if you look every day. Ye. So i say the lesson is that it took me a long time to really internalize that.
Trung Phan returns to the show for a third time to discuss Warren Buffett’s $18 billion miss on Disney - twice!
He and James discuss the 92-year-old’s growth investment strategies focused on long-term stakes, reducing risk profiles, and increasing margins decade-over-decade.
Additional topics include:
- Warren Buffett's 1966 Meeting with Walt Disney (03:56)
- How Warren Buffet became CEO of Berkshire Hathaway (13:50)
- Warren Buffett's relationships with Michael Eisner and Bob Iger (20:00)
- Buffett's willingness to invest in a company "late" (30:24)
- How did Buffett's investment style change over the decades? (40:20)
- The story of Rose Blumkin and the Nebraska Furniture Mart (45:50)
- James' trading strategy to piggyback Berkshire Hathaway's positions (52:42)
(Editor’s note: Topic times don’t account for sponsor ads and may appear a few minutes later in the episode on your podcast player)
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