We Study Billionaires - The Investor’s Podcast Network

TIP635: Deep Diving Into The Warren Buffett Way w/ Robert Hagstrom

73 snips
Jun 2, 2024
Guest
Robert G Hagstrom
Robert Hagstrom, author of "The Warren Buffett Way," shares insights on Buffett's investment strategies. He discusses early mistakes Buffett made, like the Dexter Shoe acquisition, and how they shaped his long-term thinking. Hagstrom explains the benefits of low turnover portfolios and treating stocks as abstractions. He emphasizes the importance of focusing on certainties in investments and the evolution of Buffett's methods, which blend value investing with principles of modern portfolio theory. Their conversation highlights key characteristics behind Buffett’s enduring success.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Patience Pays

  • Warren Buffett's first investment, Citi Services Preferred, taught him patience.
  • He sold early due to family pressure, missing out on greater profits.
ANECDOTE

Repeated Mistakes

  • Buffett repeated his Berkshire Hathaway textile mill mistake with Dexter Shoes.
  • Both suffered from low-cost competition, and he used Berkshire stock for Dexter.
INSIGHT

The Buffett Way's Scarcity

  • High active share, low turnover portfolios outperform, yet few employ this strategy.
  • This is partly due to the pervasive nature of Modern Portfolio Theory.
Get the Snipd Podcast app to discover more snips from this episode
Get the app