Morning Brew Daily Buffett's Bank Warning, Own a Share of a Derby Horse & Zuck is a Jiu-Jitsu Champ
May 8, 2023
Kyle Hagge, the Director of Community at Morning Brew, fills in with an insightful take on Warren Buffett's views from the Berkshire Hathaway meeting, emphasizing the regional bank crisis and Apple's investments. The hosts dive into the recent Kentucky Derby controversy and explore an app that allows fractional ownership of racehorses. They also discuss Mark Zuckerberg's surprising success in jiu-jitsu and make a whimsical pitch for the royal family to engage him. With a look ahead, they touch on the impending debt ceiling meeting.
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Contrasting Philosophies
- Warren Buffett and Charlie Munger's investment philosophy contrasts with Elon Musk's.
- They prioritize boring, low-risk businesses and avoiding mistakes over ambitious, extreme ventures.
Derby Controversy
- The Kentucky Derby was overshadowed by the deaths of seven horses in the week leading up to the race.
- This incident raises concerns about the sport's future and the safety of its equine athletes.
Horse Racing Decline
- Horse racing faces declining gambling revenues and attendance due to doping allegations and safety concerns.
- The rise of online sports betting and alternative gambling options contributes to this downturn.