Andrew Marks

Well,

Well,

Charlie, you invested a Hyundai.

Charlie, you invested a Hyundai.

Charlie, if you started with Warren today and you're both 30 years old, do you think you guys would build anything close to what Berkshire is today?

Charlie, if you started with Warren today and you're both 30 years old, do you think you guys would build anything close to what Berkshire is today?

Yeah.

And I think what's also interesting is that I have been an investing nerd since I was really little, but only evolved into investing more in what you would call growth companies or what would generally be called growth companies.

I started off being a value investor, first parroting my dad as all little kids do.

And then I got fortunately into the Buffett letters really young and so turned into a huge Buffett nerd and all the things that come with that.

And so my sort of trajectory was across the value end of the spectrum to the sort of growth end of the spectrum.

And I had to make that journey myself and understand how the two relate and why I thought spending time in one area was better than spending time in another area or whatever.

And so I was sort of able to talk to my dad in his language.

And so I wouldn't say it definitely wasn't a debate.

It was just more of a discussion of how things have evolved and trying to examine it a little bit.

I can't remember a specific one, but I think the evolution happened a little bit gradually.

So a value investor, you would look at what the current cash flows of the business are and valuing it on that.

And

not making much assumption for growth.

And then there's a cohort of growth companies that weren't exactly tech companies in the way that tech companies look today.