The Good Life Podcast with Sean Murray

#54 – Berkshire Hathaway Letter to Shareholders with Jake Taylor

Mar 9, 2021

56:06

The topic of this week’s episode is Warren Buffett’s annual letter to Berkshire Hathaway shareholders. My guest is Jake Taylor, the Chief Executive Officer of Farnam Street Investments. Jake has been a previous guest on The Good Life as part of the Decision-Making Mastermind Group. Jake breaks down Warren Buffett's latest Letter to Berkshire Shareholders and helps us understand what we can learn. Jake is an incredibly knowledgeable investor, and he follows Berkshire carefully, so he's familiar with the company and he brings unique insight into interpreting Buffett's letter and his message to the investing community.

This show grew out my interest in Value Investing and in helping others to apply the principles of value investing to our lives. Buffett's annual letter is always full of wisdom and Jake helps us unpack this year's edition so we can get the most out of it.

What You'll Learn

How to analyze Berkshire’s earnings
Buffett’s two primary goals for his leadership of Berkshire in 2020 and why he didn’t meet either of them
What share repurchases at Berkshire and Apple in 2020 mean for Berkshire shareholders
How to think about the Retained Earnings at the companies Berkshire partially owns
Why Buffett is writing down his purchase of Precision Cast Parts
The structural advantages of Berkshire
The “Four Jewels” of Berkshire
Why you should never bet against America
The surprise announcement about this year’s annual meeting

Books & Resources

Connect with Jake Taylor