Friday 5: Five Lessons on Investing from Warren Buffett and Charlie Munger | Episode 178
Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and InvestorsShow Notes
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.
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Explore my full summary for the book featured this week. The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic
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More from Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors
Steve Jobs made an incredible impact on the world by creating two of today's most important companies in Apple and Pixar. Both companies created world-changing products while Steve Jobs was alive in the Macintosh, iPod, iPhone, and Oscar winning animated films such as Toy Story. More importantly, both companies developed the right team, vision, and culture to continue producing world-shaping products decades later — long after Steve's departure. As we learn in this book, Steve's values and ethos live on in both of these incredible companies.
Steve Jobs made an incredible impact on the world by creating two of today's most important companies in Apple and Pixar. Both companies created world-changing products while Steve Jobs was alive in the Macintosh, iPod, iPhone, and Oscar winning animated films such as Toy Story. More importantly, both companies developed the right team, vision, and culture to continue producing world-shaping products decades later — long after Steve's departure. As we learn in this book, Steve's values and ethos live on in both of these incredible companies.
My favorite lessons from "To Pixar and Beyond" by Lawrence Levy. Who joined Pixar in 1995, helped Steve Jobs take Pixar public, and built it into the $7.4 billion company Disney eventually acquired. Get Friday 5 delivered to your inbox every Friday at 8 AM Pacific
My favorite lessons from "To Pixar and Beyond" by Lawrence Levy. Who joined Pixar in 1995, helped Steve Jobs take Pixar public, and built it into the $7.4 billion company Disney eventually acquired. Get Friday 5 delivered to your inbox every Friday at 8 AM Pacific
After he was dismissed from Apple in the early 1990s, Steve Jobs turned his attention to a little-known graphics company he owned called Pixar. One day, out of the blue, Jobs called Lawrence Levy, a Harvard-trained lawyer and executive to whom he had never spoken before. He hoped to persuade Levy to help him pull Pixar back from the brink of failure. This is the extraordinary story of what happened next: how Jobs and Levy concocted and pulled off a highly improbable plan that transformed Pixar into the Hollywood powerhouse it is today.