We Study Billionaires - The Investor’s Podcast Network

TIP662: Building Buffett: The Foundation Of Success w/ Kyle Grieve

51 snips
Sep 22, 2024
Kyle Grieve dives into the fascinating world of Warren Buffett’s investment strategies, emphasizing the magic of compounding and the importance of avoiding frictional costs. He explains how small fees can erode investment returns over time and reveals the fundamental principles that guide Buffett's success. The discussion highlights contrarianism as a valuable trait and explores the unique structures of Buffett's investment partnerships. Listeners learn how disciplined investing and a focus on ethics are crucial for long-term growth.
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INSIGHT

Business Owner Mindset

  • Think of stocks as fractional ownership in real businesses.
  • Don't let external factors unrelated to the business itself influence your decisions.
ANECDOTE

Weighing Machine Profits

  • Warren Buffett learned about compounding from a case study in "1,000 Ways to Make $1,000."
  • Harry Larson bought weighing machines, reinvested profits, and scaled to 70 machines.
ANECDOTE

Manhattan Compounding

  • The sale of Manhattan for $24 in 1627 could be worth billions today with compounding.
  • A small increase in the rate of return greatly amplifies results over time.
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