Motley Fool Money Family Ties & the “Buffett Premium”
Nov 16, 2022
Ron Gross, an investor and frequent contributor to The Motley Fool, shares his inspiring journey in the world of finance. He draws parallels between sitcom character Alex P. Keaton and Warren Buffett, discussing childhood influences that kindled his investment passion. Gross reminisces about his first stock purchase and his unwavering admiration for Costco. He dives into the elusive 'Buffett Premium' in valuing Berkshire Hathaway, emphasizing the importance of family ties in investing and the need for long-term strategies.
AI Snips
Chapters
Transcript
Episode notes
Family Ties Inspiration
- Ron Gross's interest in investing began with the sitcom Family Ties and the character Alex P. Keaton.
- The show sparked his curiosity about economics and the stock market.
First Stock Purchase
- Ron Gross's first stock purchase was Summit Technologies (BEAM) after reading an investing newsletter.
- Ironically, his initial investment was in biotech, before he became a value investor.
Worst Stock Picks
- Ron Gross's worst investments were Concord Camera (LENS) and Horsehead Holdings (ZINC), both of which went bankrupt.
- These experiences taught him valuable lessons about balance sheets, commodity investing, and capital expenditure programs.