We Study Billionaires - The Investor’s Podcast Network TIP140: Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 (Part 1) - (Business Podcast)
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May 27, 2017 Warren Buffett's investment choices in Apple over IBM, regrets for missing Google, importance of continuous learning in business, reflection on missed opportunities in big tech companies, Warren Buffett's sustainable business understanding and investing strategies, selling to private equity firms vs. Buffett, importance of capital allocation skills for Berkshire's future CEO.
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Power of Lifelong Learning
- Continuous learning is crucial for success in business and investing.
- Buffett and Munger emphasize that lifelong learning has been a key to Berkshire Hathaway's achievements.
Brand Power Creates Moats
- Brand power grants pricing leverage and long-term competitive advantage.
- Buffett's experience with See's Candy led to recognizing the value of strong consumer brands like Coca-Cola.
Tech Investing Nuances and Bezos' Genius
- Buffett differentiates between investing in consumer tech like Apple versus enterprise tech like IBM.
- He admits a mistake in IBM investment and praises Jeff Bezos' rare achievement with Amazon in retail and cloud.