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Value After Hours S06 E19: Third Avenue's Small-Cap Value Portfolio Manager Victor Cunningham

The Acquirers Podcast

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Berkshire Annual Meeting Impressions and Investment Philosophy

Exploring the dynamics between Buffett and Munger at the 25-year Berkshire annual meeting, this chapter delves into the passing of the torch, the autonomy of managers, and the enduring positive culture at Berkshire. Reflecting on admiration and respect for values, it underscores the importance of trust, fiduciary responsibility, and the impact of shared moments, highlighting the power of stewardship in investment. Emphasizing discipline, risk management, and the avoidance of undue risks, the conversation discusses the pressure to conform to aggressive investing behavior and the need for long-term strategies in the investment landscape.

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