Introduction

In this chapter, the hosts discuss the fascinating financial history of Berkshire Hathaway, debunk common misconceptions, and delve into Warren Buffett's investment principles.

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Episode notes

Robert Leonard chats with Adam Mead about his book, “The Complete Financial History of Berkshire Hathaway: A Chronological Analysis of Warren Buffett and Charlie Munger's Conglomerate Masterpiece.”

Aside from being a Buffett enthusiast and lifelong learner of business, Adam is the CEO and Chief Investment Officer of Mead Capital Management, LLC.

IN THIS EPISODE, YOU’LL LEARN:

• 00:00 - Intro

• 02:54 - Who is Warren Buffett and Charlie Munger?

• 02:54 - How did they influence each other’s investing approach?

• 06:36 - Who is Benjamin Graham and what was his impact on Buffett?

• 08:46 - What is value investing and why is it relevant in today’s market?

• 25:12 - The evolution of Berkshire Hathaway (BRK) and common misconceptions about it.

• 37:20 - Why Buffett hasn’t deployed BRK’s large cash pile amid the COVID crisis?

• 43:51 - Why investors shouldn’t just copy Buffett’s stock picks.

• 45:20 - What has been the leading cause for Buffett’s underperformance over the last decade?

• 52:42 - The timeless principles of the Oracle of Omaha that have led to his success and are worth following.

• 57:08 - The future of BRK and if it will survive without Buffett and/or Munger.

And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Adam Mead’s book The Complete Financial History of Berkshire Hathaway.
Mead Capital Management website.
The Oracle’s Classroom YouTube channel.
Stig Brodersen and Preston Pysh’s book Warren Buffett Accounting Book.
Peter Kaufman’s book Poor Charlie’s Almanack.
Benjamin Graham’s book The Intelligent Investor.
All of Robert’s favorite books.

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