Episode notes
In this episode, Clay Finck presents his favorite clips from the 2023 Berkshire Hathaway annual shareholder meeting, featuring insightful responses from Buffett and Munger during the marathon Q&A session, along with his own thoughts on their answers.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
05:30 - Buffett and Munger’s thoughts on the commercial real estate.
09:37 - Why value investors must evolve to the increasingly competitive world of investing.
17:36 - How Buffett allocates capital to balance profits versus building out a competitive moat.
33:04 - Munger’s stance on position sizing.
38:16 - Buffett’s updated thoughts on Taiwan Semiconductor which is a business Berkshire entered and fully exited over a matter of months.
40:09 - Buffett’s thoughts on the US Dollar’s status as the world’s reserve currency.
54:40 - Common mistakes to avoid to live a good life.
01:01:21 - Buffett and Munger’s most recent thoughts on Occidental.
01:12:23 - How Berkshire can continue to attract high quality subsidiary managers.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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