Warren Buffett's Lessons on Investment and Leadership | 18min snip from We Study Billionaires

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TIP443: Buffett's Biggest Blunders w/ David Kass

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

Warren Buffett's Lessons on Investment and Leadership

This chapter analyzes Warren Buffett's $11 billion write-down on Precision Castparts Corp. amidst industry downturns and reflects on the importance of temperament in investing. It discusses Buffett's insights from the financial crisis, his unique acquisition strategies, and Charlie Munger's recent decisions. The speakers consolidate key investment lessons and invite listeners to further explore investment discussions.

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Episode notes

Trey Lockerbie chats with Dr. David Kass, who is a Ph.D. economist and professor at the University of Maryland. They discuss how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake, his overpayment for Precision Castparts, and much more!

IN THIS EPISODE, YOU'LL LEARN:

09:47 - The story of how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake.
15:04 - How he could have made hundreds of billions more had he simply invested in insurance.
20:49 - His position in Conocophillips that resulted in a loss and how even through all of that, 1 single dollar invested with Buffett in 1965 would now be worth $3.65M
23:00 - Why buying Dexter Shoes was, in Buffett's words, the worst purchase he ever made.
30:42- How he missed out on Google, Amazon, and others
41:29 - His overpayment for Precision Castparts.
And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
David’s Blog on Warren Buffett
David Kass Twitter.
Supermoney Book.
Trey Lockerbie Twitter.

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