Investing Unscripted 184. Bill Brewster: From "Junk" to Quality
Bill Brewster, host of The Business Brew, joins us for a candid conversation about the mental toll of stock picking and his evolution from "cigar butt" value investing to quality compounders. We dive deep into his sharp criticism of Disney CEO Bob Iger, debate whether Berkshire Hathaway is facing a "conglomerate discount" after its recent management shakeup, and discuss why sometimes the best investing strategy is simply admitting you might be the "dumbest person in the room."
00:24 Introducing the Guest: Bill Brewster
00:50 Bill's Investment Philosophy
04:05 Frameworks vs. Rules in Investing
06:59 Evolving as an Investor
11:01 David Gardner's Influence
18:18 Goals vs. Incentives in Investing
24:03 Building a Robust Investing Framework
24:27 Traits of Quality Enterprises
26:18 Economic Moats and Management Insights
27:45 Disney's Leadership and Strategic Shifts
32:58 Berkshire Hathaway's Future Leadership
Companies mentioned: BN, BRK.B, CLPT, COST, DIS, FAST, GIS, JPM, MCD, MELI, NFLX, OLN, OXY, PM, SHOP, WBD, WMT
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