Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors

This conversation provides an overview of Charlie Munger's life, career, and investment philosophy. It explores Munger's role in shaping Berkshire Hathaway and his approach to investing in wonderful businesses at fair prices. Munger's background and early exposure to business are discussed, as well as his education and early career in law. The conversation also covers Munger's partnership with Warren Buffett and their investment strategies. Munger's investments in Blue Chip Stamp and Diversified Retailing Corporation are highlighted, along with his focus on better businesses. The conversation concludes with Munger's impact on Warren Buffett's investment style. Explore the episode notes. Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/179. Chapters (00:00) Introduction to Charlie Munger (02:18) Charlie Munger's Blueprint for Berkshire Hathaway (03:44) Charlie Munger's Approach to Investing (05:01) Charlie Munger's Background and Early Life (06:25) Charlie Munger's Exposure to Business (08:07) Charlie Munger's Education and Early Career (09:03) Charlie Munger's Transition to Full-Time Investing (10:24) Charlie Munger's Partnership with Warren Buffett (12:48) Charlie Munger's Investment Strategies (14:07) Charlie Munger's Investment in Blue Chip Stamp (16:52) Charlie Munger's Diversified Retailing Corporation (18:16) Charlie Munger's Focus on Better Businesses (19:14) Charlie Munger's New America Fund and Daily Journal Corporation (20:39) Charlie Munger's Role in Berkshire Hathaway (21:39) Charlie Munger's Impact on Warren Buffett's Investment Style Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Explore my full summary for the book featured this week. The Tao of Charlie Munger: Wisdom on Life, Business, and the Pursuit of Wealth For more, explore my full profile on Warren Buffett. Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

This conversation provides an overview of Charlie Munger's life, career, and investment philosophy. It explores Munger's role in shaping Berkshire Hathaway and his approach to investing in wonderful businesses at fair prices. Munger's background and early exposure to business are discussed, as well as his education and early career in law. The conversation also covers Munger's partnership with Warren Buffett and their investment strategies. Munger's investments in Blue Chip Stamp and Diversified Retailing Corporation are highlighted, along with his focus on better businesses. The conversation concludes with Munger's impact on Warren Buffett's investment style. Explore the episode notes. Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/179. Chapters (00:00) Introduction to Charlie Munger (02:18) Charlie Munger's Blueprint for Berkshire Hathaway (03:44) Charlie Munger's Approach to Investing (05:01) Charlie Munger's Background and Early Life (06:25) Charlie Munger's Exposure to Business (08:07) Charlie Munger's Education and Early Career (09:03) Charlie Munger's Transition to Full-Time Investing (10:24) Charlie Munger's Partnership with Warren Buffett (12:48) Charlie Munger's Investment Strategies (14:07) Charlie Munger's Investment in Blue Chip Stamp (16:52) Charlie Munger's Diversified Retailing Corporation (18:16) Charlie Munger's Focus on Better Businesses (19:14) Charlie Munger's New America Fund and Daily Journal Corporation (20:39) Charlie Munger's Role in Berkshire Hathaway (21:39) Charlie Munger's Impact on Warren Buffett's Investment Style Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Explore my full summary for the book featured this week. The Tao of Charlie Munger: Wisdom on Life, Business, and the Pursuit of Wealth For more, explore my full profile on Warren Buffett. Who is Charlie Munger? Wit and Wisdom From The World’s Most Irreverent Billionaire Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

Dan Roller, Founder and CIO of Maran Capital, discusses investing in buy-and-build compounders in public markets. Topics include: formation of Maran Capital, choosing hunting ground and creating structural advantages, researching and choosing companies to invest in, buy-and-build basics and examples, potential risks, value vs. growth debate, investing in SPACs, thesis drift and mental models.

This podcast explores valuable lessons on investing from Warren Buffett and Charlie Munger, including investing in businesses with excellent economics and honest management, letting a few investments grow significantly, focusing on industries with competitive advantages, considering both durable value and profitable growth, and taking advantage of market swings. It also discusses the characteristics of great and terrible businesses and the concept of Mr. Market in market fluctuations.

My favorite lessons on investing from Berkshire Hathaway's shareholder letters. All taken from "The Essays of Warren Buffett" by Lawrence Cunninghuman. Get Friday 5 delivered to your inbox every Friday at 8 AM Pacific Chapters (00:00) Introduction (03:01) Lesson 1: Seek to invest in businesses with excellent economics, able and honest management, at sensible prices. That’s the magic formula. (07:29) Lesson 2: Don’t be afraid to let a few investments grow to represent a large portion of your portfolio. That’s inevitable if you do well. (10:44) Lesson 3: Invest in companies you expect to be as competitive 20 years from now. The best investments compound over decades. (13:52) Lesson 4: Forgot the growth versus value debate—they’re two sides of one coin. Look for durable value and profitable growth in companies. (18:44) Lesson 5: Make Mr. Market your ally. Take advantage of his perpetual swings from euphoria to panic. Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Explore my full summary for the book featured this week. The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

The Essays of Warren Buffett by Lawrence Cunningham For over 50 years, Warren Buffett has written an annual letter to Berkshire Hathaway's shareholders. Many people set it as a goal to read all of Warren’s shareholder letters chronologically. Which is certainly a fascinating way to see how Berkshire Hathaway evolved year after year. This book is different. It breaks from this chronological order to instead group things Warren has said over the years by topic. So, for instance, you can see his ideas on the importance of culture or the power of incentives holistically — as a single body of work. What I love about this book is the focus on Warren’s ideas. Warren Buffett has built one of the largest conglomerates in history — full of incredible companies from See’s Candies to GEICO — from a standing start in 1965. I would argue that if you only have time to study one entrepreneur and investor, that you should study Warren Buffett. There’s no better way to do that than with this book. I know it’s one I’ll be re-reading for the rest of my life. Explore the episode notes. Search and down a transcript and find links to related books, interviews, lectures, and more: outlieracademy.com/166. Listen to Part 1. https://www.outlieracademy.com/episode/165 Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Read the full book summary. The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic For more, explore my full profile on Warren Buffett. Who is Warren Buffett? Wisdom From One of History's Greatest Investors and the Creator of Berkshire Hathaway Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

The Essays of Warren Buffett by Lawrence Cunningham For over 50 years, Warren Buffett has written an annual letter to Berkshire Hathaway's shareholders. Many people set it as a goal to read all of Warren’s shareholder letters chronologically. Which is certainly a fascinating way to see how Berkshire Hathaway evolved year after year. This book is different. It breaks from this chronological order to instead group things Warren has said over the years by topic. So, for instance, you can see his ideas on the importance of culture or the power of incentives holistically — as a single body of work. What I love about this book is the focus on Warren’s ideas. Warren Buffett has built one of the largest conglomerates in history — full of incredible companies from See’s Candies to GEICO — from a standing start in 1965. I would argue that if you only have time to study one entrepreneur and investor, that you should study Warren Buffett. There’s no better way to do that than with this book. I know it’s one I’ll be re-reading for the rest of my life. Listen to Part 1. https://www.outlieracademy.com/episode/165 Watch and listen. Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Read the full book summary. The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

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.

The Essays of Warren Buffett by Lawrence Cunningham For over 50 years, Warren Buffett has written an annual letter to Berkshire Hathaway's shareholders. Many people set it as a goal to read all of Warren’s shareholder letters chronologically. Which is certainly a fascinating way to see how Berkshire Hathaway evolved year after year. This book is different. It breaks from this chronological order to instead group things Warren has said over the years by topic. So, for instance, you can see his ideas on the importance of culture or the power of incentives holistically — as a single body of work. What I love about this book is the focus on Warren’s ideas. Warren Buffett has built one of the largest conglomerates in history — full of incredible companies from See’s Candies to GEICO — from a standing start in 1965. I would argue that if you only have time to study one entrepreneur and investor, that you should study Warren Buffett. There’s no better way to do that than with this book. I know it’s one I’ll be re-reading for the rest of my life. Watch and listen Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Read the full book summary The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices

The Playing Field by Graham Duncan is BY FAR the best piece of writing I've read on the journey we must all make to reach mastery in our fields. While Graham writes about the journey to master the art of investing, everything in it is broadly generalizable. In Graham’s view we must all progress from apprentice, to professional, to self-actualization, operating at scale with impact, and eventually (if we make it) mentoring the new generation. It’s a wonderful meditation on mastery — what it is, what it looks like, and most importantly the journey to get there. Watch and listen Watch this episode on YouTube Find this episode in your favorite podcast app Get new episodes delivered via email Read the full essay The Playing Field by Graham Duncan Brought to you by HVMN. With Ketone-IQ, fuel your best anytime with a boost of awesome-feeling energy and clarity. Unlock the power of nature's superfuel—no fasting or keto diet required. Advertise with Outliers and reach our global community Learn more about your ad choices. Visit megaphone.fm/adchoices