Classic 11: Warren Buffett’s Biography

IN THIS EPISODE, YOU’LL LEARN:

• 04:02 - How Warren Buffett already read financial statements when he was kid.
• 12:05 - Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments.
• 24:13 - How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him.
• 25:41 - Why Warren Buffett never replaces management in the companies he acquirers.
• 27:04 - How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way.
• 41:01 - Ask the Investors: How do you generate ideas for new stock investments?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

• Check out our five-page executive summary of Buffett: The Making of an American Capitalist.
• Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book.
• Alice Schroeder’s book, The Snowball – Read reviews of this book.
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