Acquired

Berkshire Hathaway Part III

246 snips
Jun 7, 2021
The podcast explores Berkshire Hathaway's transition into the digital era, pondering how Warren Buffett and Charlie Munger adapt to technological changes. It dives into Buffett's unique investment strategies and the soaring fortunes of him and Bill Gates in the ’90s. Coca-Cola's marketing blunders and Warren's skepticism towards tech stocks reflect his cautious approach in a volatile landscape. The discussion unfolds around Buffett's philanthropic journey and succession planning, concluding with a look at Berkshire's future post-Buffett and the impact of their monumental Apple investment.
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ANECDOTE

Buffett and Gates' First Meeting

  • Kay Graham throws a party where Warren Buffett and Bill Gates meet for the first time.
  • Despite initial reluctance, both attend and become fast friends, bonding over their shared value of focus.
ADVICE

Invest in Disruptive Tech

  • Invest in companies with strong underlying technology, like Microsoft and Intel in the early 90s.
  • Don't solely rely on established brands like IBM, as the value chain can shift unexpectedly.
INSIGHT

Gates' Media Prediction

  • Bill Gates predicted the future of media in 1992, foreseeing the challenges and opportunities presented by the internet.
  • He correctly assessed how networks' content ownership would allow them to adapt, unlike Kodak.
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