

Book: “The Essays of Warren Buffett” by Lawrence Cunningham | Episode #165 (Part 1 of 2)
Jan 2, 2024
Lawrence Cunningham, author of 'The Essays of Warren Buffett', discusses the book's origins and the importance of studying Buffett. They explore the benefits of a conglomerate structure for long-term capital growth and the challenges of allocating capital. They also discuss Berkshire Hathaway's communication practices with shareholders and their unique perspective on accounting.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 2min
Introduction to Warren Buffett and Berkshire Hathaway
02:04 • 19min
The Advantages of a Conglomerate Structure for Maximizing Long-term Capital Growth
21:10 • 4min
Operating Responsibilities of Berkshire Hathaway CEOs
25:19 • 5min
The Evolution of Leveraged Buyout Firms and Private Equity Buyers
30:37 • 2min
The Benefits of Berkshire's Conglomerate Structure
32:08 • 8min
Communicating with Shareholders and Seeking a Specific Clientele
39:40 • 17min
Accounting as Opinion and Building Businesses
56:47 • 14min
Understanding the Life Cycle of Businesses and Rational Decision-Making
01:10:50 • 2min
Berkshire's Communication Practices
01:12:42 • 20min