Reviewing Warren Buffett's Latest Shareholder Letter - E49

So what did Warren Buffett mean by silver tongued demagogues and slaying dragons? Jesse sits down with Rob Bradley, a fellow Berkshire Hathaway shareholder and CFP in Rochester, NY, to discuss the wealth of knowledge behind Berkshire Hathaway's latest annual letter to shareholders. 

 

Buffett is widely regarded as one of the greatest investors of all time and his investing style has been studied and emulated by many investors over the years. Rob breaks down how Berkshire Hathaway has outperformed the S&P, invested in Apple as an indispensable consumer product, and poised itself to take advantage of domestic businesses based on their intrinsic value.

 

Quotes:

"Charlie and I are not stock pickers. We are business pickers."

"When you are told that all repurchases are harmful to shareholders or to the country or particularly beneficial to CEOs. You are listening to either an economic illiterate or a silver tongued demagogue, characters that are not mutually exclusive." 

"Successful investing takes time, discipline and patience. No matter how great the effort, some things just take time. You can't produce a baby in 1 month by getting 9 women pregnant."

"Bitcoin was probably rat poison squared."

"Interest rates are to financial instruments as gravity is to matter." 

 

Mentions:

Becky Quick, of CNBC will review questions that shareholders have submitted by e-mail and select those she believes will have the widest interest. Questions can be submitted to Becky at [email protected].

 

Berkshire Hathaway Annual Letter: https://www.berkshirehathaway.com/letters/2022ltr.pdf

 

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The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.