AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
4min chapter
TIP544: Life-Changing Returns in Cyclicals & Spinoffs
We Study Billionaires - The Investor’s Podcast Network
The Importance of Not Losing Money
Over Buffett's career, he had an average annual rate of return of nearly 20% per year since he took ownership of Berkshire Hathaway in 1965. Our goal as value investors should be to compound at a moderate but steady rate of return over a long period of time. One single year of a big loss can undo many years of good decisions in the past. This is why Buffett pays so close attention to price when he's buying a business. He won't buy unless he's certain that there's a large margin of safety in his purchase.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode