David Kass

Trey Lockerbie chats with Dr. David Kass, an economist and professor at the University of Maryland, known for his expertise on Warren Buffett. They dive into Buffett's emotional pitfalls, notably his costly acquisition of Berkshire Hathaway and notorious missteps like overpaying for Precision Castparts. Dr. Kass reveals how investing in insurance could have earned Buffett billions more and discusses his missed opportunities with tech giants like Google and Amazon. Listeners gain fascinating insights into the emotional and strategic aspects of investing.

David Kass, a Ph.D. in Business Economics, shares his worst investment experience with a company affected by accounting fraud. He emphasizes the importance of CEO ownership stake for investors, suggesting a ratio of 3:1 between the CEO's stock value and their annual salary. Additionally, the podcast discusses Warren Buffett's mistake with Dexter shoe and the significance of reducing risk by investing in companies where senior executives have a substantial ownership stake.