Friday 5: Five Lessons on Investing from Warren Buffett and Charlie Munger | Episode 178

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

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