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Warren Buffett's Worst Trade Ever | Trung Phan
The James Altucher Show
Andan Iger - Is He a Descendant of Frank Murphy?
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Andan iger was an intellectual descendant of frank murphy, who was very similar to buffet in terms of his thinking about how to acquire and operate things. Buffet started out running these hedge fund like structures, but he realized there's a better way to make money. He decided much better were banks buying small regional banks so the investors only expect back their savings account interest. The bank makes a five % spread, the five % difference is more scalable than a hedge fund. Back then i don't know what it was that made me want to do this interview with Andan iger. But now I'm sure you'll be able to understand why we're here today.
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