MI358: The Essays of Warren Buffett w/ Shawn O'Malley
The Intrinsic Value Podcast - The Investor’s Podcast Network
Intro
Explore key insights from a thorough analysis of Warren Buffett's essays by Lawrence Cunningham, including discussions on Berkshire Hathaway's success, valuation principles, Buffett's viewpoints on gold and index funds, and his distinctive character traits. Learn how Cunningham effectively condensed Buffett's wisdom into a valuable resource for aspiring investors.
In today’s episode, Patrick Donley (@JPatrickDonley) sits down with Shawn O’Malley, Chief Editor of our newsletter, We Study Markets, to discuss what his main takeaways were from doing a deep dive into The Essays of Warren Buffett by Lawrence Cunningham.
You’ll learn how Charlie Munger fits into the story of Berkshire, what allowed for Berkshire’s incredible success, how to properly value a company, how Buffett views gold and index funds, the most important aspect of Buffett’s character that stood out to Shawn, plus a whole lot more!
The Essays Of Warren Buffett: Lessons for Corporate America is Cunningham’s seminal work. He was a Professor of Corporate Governance for 15 years at George Washington University. He serves on the board of directors for several public businesses such as: Constellation Software, Kelly+Partners Group, and Markel Group.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
02:26 - Why Buffett recommends The Essays of Warren Buffett as one of his favorites
04:26 - How does Munger fit into the Berkshire Hathaway story and what his role was
05:59 - Why Munger thought buying Berkshire was a dumb decision
11:13 - What was it that allowed for Berkshire’s incredible success
19:44 - How Buffett thinks about risk in investing
25:07 - What Buffett says about index funds
28:13 - How to properly value a company
34:28 - Why Buffett has chosen not to pay a dividend on Berkshire shares
36:49 - How Buffett views gold as an investment
40:28 - What one aspect of Buffett’s character that stood out the most to Shawn
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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- Lawrence Cunningham's book, The Essays of Warren Buffett.
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