13min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP635: Deep Diving Into The Warren Buffett Way w/ Robert Hagstrom

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Lessons from Warren Buffett's Mistakes and Investment Strategy

The chapter explores Warren Buffett's significant mistakes like acquiring Dexter shoes with Berkshire stock and the lessons learned from such errors. It also delves into Buffett's strategy of using insurance float as an investment vehicle, the advantages it offers, and why more companies don't follow this model. Additionally, it discusses the challenges faced by money managers trying to replicate Buffett's success, focusing on the temperament required for high active share, low turnover portfolios and the psychological aspects of managing other people's money.

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