Understanding Ownership Dilution and Its Impact on Investment Returns

On today’s episode, Kyle Grieve discusses how Warren Buffett evolved from a young entrepreneur with an intense fascination for numbers into one of history’s most disciplined and independent investors. The episode explores the key influences, early lessons, and defining choices that shaped his unique approach to business and capital allocation.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:04 - How Buffett showed business instincts as a young boy

03:44 - How Buffett used scuttlebutt early in his career

04:26 - The influence Buffett’s father had on his mindset

11:06 - Three timeless principles Buffett learned from Ben Graham

19:11 - The period Buffett compounded at over 50% annually

23:49 - How a “cigar butt” taught Buffett pricing power

29:33 - Why Buffett embraced concentrated investing from the start

45:14 - Why Buffett saw media companies as modern-day toll bridges

54:02 - Buffett’s core disagreement with efficient market theory

1:00:00 - What Buffett learned while rescuing Salomon Brothers

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

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