In today’s episode, Clay reviews Brett Gardner’s new book, Buffett’s Early Investments.
Brett is an Analyst at Discerene Group LP, a private investment partnership that invests globally based on a fundamental and long-term value investing philosophy. Like us here at TIP, Brett is also a huge fan of Warren Buffett.
During Buffett’s early partnership years from 1957 to 1969, he compounded his investors’ capital at 23.8% net of fees relative to the Dow Jones, returning just 7.4%.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:14 - The primary factors that led to Buffett’s outperformance during early investing years.
06:09 - The parallels between Buffett’s investment in Philadelphia and Reading and how he ended up transforming Berkshire Hathaway in the years that followed.
27:15 - What led Buffett to make an unconventional bet on Disney in 1966.
43:55 - Why Buffett invested in American Express after the Salad Oil Scandal.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Gardner’s book: Buffett's Early Investments.
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- Related Episode: Listen to TIP573: Berkshire's Beginnings w/ Jacob McDonough, or watch the video.
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