Adam Mead

Adam Mead, CEO of Mead Capital Management, shares insights on Copart, a $40 billion vehicle auction giant. He delves into Copart's evolution from a dismantler to an industry leader, exploring its business model and market dominance. Mead discusses the intricate car supply chain, the significant role of insurance partnerships, and the impact of technological advancements. He also highlights financial dynamics, management lessons, and the importance of a disciplined, humble approach in navigating the ever-changing automotive market.

In this insightful conversation, Adam Mead, founder of Mead Capital Management and author of **The Complete Financial History of Berkshire Hathaway**, shares his journey as a professional investor. He explores the art of investing, emphasizing human psychology and diverse mental models. Mead reflects on the transformative experiences at Berkshire Hathaway's meetings and the importance of adaptability in investment strategies. He discusses the challenges of running a one-man firm, compliance, and the emotional complexities of client relationships, all while injecting humor and personal anecdotes.

Robert Leonard chats with Adam Mead, CEO of Mead Capital Management, about Warren Buffett, Charlie Munger, and Berkshire Hathaway. Topics include their influence on each other's investing approach, the impact of Benjamin Graham, the relevance of value investing today, misconceptions about Berkshire Hathaway, and the future of the company after Buffett and Munger.