Jacob McDonough

Jacob McDonough, author of "Capital Allocation" and host of the "10-K Podcast," joins to explore the transformative journey of Berkshire Hathaway. They discuss Warren Buffett's initial missteps and the turnaround strategies that led to monumental success. Key highlights include the significance of cutting costs, the pivotal acquisition of National Indemnity, and how insurance float fueled growth. The conversation also touches on Buffett's unique investment approaches and the role of leadership in navigating challenges during the 1970s.