Unhedged

Introducing 'Business History': Young Warren Buffett

68 snips
Jan 16, 2026
Discover the journey of young Warren Buffett from obscurity to wealth. Uncover how his humble habits and keen investment strategies made him a folk hero. Hear about his early obsessions, entrepreneurial endeavors, and the influence of mentor Benjamin Graham. Learn about Buffett's unique strategies, like the cigar-butt approach, and how he transformed Berkshire Hathaway. This fascinating exploration reveals how Buffett's early advantages evolved—and why his edge has diminished in the modern investment landscape.
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ANECDOTE

Obsessive Childhood Research Habits

  • Young Warren Buffett collected bottle caps, recorded license plates and even stole golf clubs as a kid, showing obsessive curiosity and mischievousness.
  • Those early habits turned into relentless data-gathering that fueled his investment research and edge.
INSIGHT

Stocks Are Ownership, Not Tickers

  • Benjamin Graham taught Buffett to view stocks as ownership in real companies rather than speculative ticks.
  • That shift led Buffett to seek durable businesses bought at bargain prices like shoppers seek sales.
ANECDOTE

The Geico Weekend Visit

  • A 20-year-old Buffett traveled to Geico, convinced a vice president to talk for four hours, and began buying the stock before class.
  • That weekend research revealed Geico's low-cost customer niche and valuable insurance float.
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