Stig: I did look through your list of what makes a bad business and one of those items on the checklist was actually the business is maturing. For me it's about are they still coming out with an innovative product that's a hit let's say at least within the last five years when that stops happening then I would say okay they might be maturing but you know that may surprise everyone with the AirPods, Stig says. Let's take a quick break to hear from today's show sponsors. Avast is a global leader in cyber protection with over 435 million users and they prevent over 1.5 billion attacks every month. Their new all-in-one solution Av
IN THIS EPISODE, YOU’LL LEARN:
02:00 - What led Chris into being so passionate about studying Warren Buffett and Charlie Munger.
08:45 - Why Chris chooses to allocate most of his portfolio to index funds.
17:18 - Why Chris typically avoids investing in more mature companies.
23:20 - How Warren Buffett’s definition of risk differs from that of the academics.
29:14 - What makes Costco such a great business.
36:21 - The opportunities for growth that Costco will be pursuing.
55:22 - How Warren Buffett and Charlie Munger’s investment strategies differ.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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