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Emmet

๐Ÿ‘ค Speaker
1108 total appearances

Appearances Over Time

Podcast Appearances

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And I think the beat of Abel's drum is going to be very different to Warren's.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And I'll explain why.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

But let me rewind a bit.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

He was born in

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

On the 1st of June 1962 in Edmonton, Alberta, up in Canada, his dad worked for a firefighting equipment manufacturer and his mom was a part-time legal secretary.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

So he grew up in a working class neighborhood.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

He played hockey.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

as I'm sure a lot of kids do up there on backyard rinks.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And as Uncle Sid Abel was in the Hall of Fame for NHL for the Detroit Red Wings famous production line, which I can safely say 99.99%.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

of our audience that absolutely none of our audience knows actually what that means but he was obviously a very good hockey player and you know good luck to you if you know that hall of fame but nonetheless he came from a degree of a sporting pedigree and there's almost something suspiciously autobiographical autobiographical movie like about all of this he grew up in small town alberta

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

son of a fireman's equipment salesman, hockey playing, nephew of a hockey legend.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

So it kind of looks like the start and the opener of a movie.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

He went to University of Alberta.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

He graduated in accounting in 84.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

He qualified as a chartered accountant and started his career in PricewaterhouseCoopers, now known as PwC, in San Fran.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And in 1992, he joined Cal Energy, which

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

was a small geothermal company.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And in 1999, the future giant, I guess, was brought into the house because Cal Energy merged with the Iowa-based Mid-American Energy Corporation.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And Berkshire Hathaway acquired a controlling interest in the combined business.

Stock Club
#309: 2 Legacy Stocks for Long-term Investing

And that's when Abel entered Warren Buffett's orbit.