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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