Reviewing Warren Buffett's Latest Shareholder Letter - E49

Reviewing Warren Buffett's Latest Shareholder Letter - E49

Author: Jesse Cramer March 1, 2023 Duration: 52:38

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 berkshirequestions@cnbc.com.

 

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

 

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at jesse@bestinterest.blog

 

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.


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 100

Personal Finance for Long-Term Investors
Podcast Episodes
Red Flag Finance Scams on the Big, Scary Internet | Rachael Camp - E85 [not-audio_url] [/not-audio_url]

Duration: 1:03:37
Jesse starts by sharing two of his blog posts in today's monologue. The first post, "The Answers are Here, But…", expands on William Gibson's quote, "The future is already here. It's just not evenly distributed, yet." Je…
How New Parents Can Avoid Money Mistakes | Andy Hill - E84 [not-audio_url] [/not-audio_url]

Duration: 53:47
Jesse begins today's episode with two reflections. First, he talks about the rarity and preciousness of gathering all your loved ones in one place. While money is important, it is ultimately a means to gain the freedom t…
"Is My 100% S&P 500 Portfolio Wrong?" | AMA #1 with Jesse - E81 [not-audio_url] [/not-audio_url]

Duration: 37:43
On today's episode, we bring you something a little different. Jesse's collected a series of questions from newsletter subscribers and will answer them in today's AMA (Ask Me Anything). Jesse answers into which accounts…
Health = Money = Time  |  Phil Pearlman - E79 [not-audio_url] [/not-audio_url]

Duration: 50:17
In episode 79 of The Best Interest Podcast, host Jesse Cramer discusses the intricate relationships between health, wealth, and time with guest Phil Pearlman. Jesse starts with his usual monologue, explaining and establi…