Scott
👤 SpeakerAppearances Over Time
Podcast Appearances
that are quite rare today and that are especially rare in the business world and in the investing community. First thing is he was a uniquely humble person. This is a guy who's lived in the same house for 65 years. His favorite restaurant is a diner in Omaha.
He's never cared about the money and the yachts and the jets and the spaceships, all the stuff that you see with the Mark Zuckerbergs and the Elon Musks. And I think it's just refreshing to see that from a billionaire. So that's the first thing. The second thing, and this is the part that I admire about him, is that he was a uniquely sensible person.
He's never cared about the money and the yachts and the jets and the spaceships, all the stuff that you see with the Mark Zuckerbergs and the Elon Musks. And I think it's just refreshing to see that from a billionaire. So that's the first thing. The second thing, and this is the part that I admire about him, is that he was a uniquely sensible person.
He's never cared about the money and the yachts and the jets and the spaceships, all the stuff that you see with the Mark Zuckerbergs and the Elon Musks. And I think it's just refreshing to see that from a billionaire. So that's the first thing. The second thing, and this is the part that I admire about him, is that he was a uniquely sensible person.
I mean, I just think about all of the investments that he could have made with Berkshire Hathaway, that all of these other investors got carried away with. The crypto, the SPACs, these sort of unprofitable moonshot tech bets where you could have seen a thousand X return, or at least that's what these guys pitch. You know, he could have got involved... in any of this stuff.
I mean, I just think about all of the investments that he could have made with Berkshire Hathaway, that all of these other investors got carried away with. The crypto, the SPACs, these sort of unprofitable moonshot tech bets where you could have seen a thousand X return, or at least that's what these guys pitch. You know, he could have got involved... in any of this stuff.
I mean, I just think about all of the investments that he could have made with Berkshire Hathaway, that all of these other investors got carried away with. The crypto, the SPACs, these sort of unprofitable moonshot tech bets where you could have seen a thousand X return, or at least that's what these guys pitch. You know, he could have got involved... in any of this stuff.
And he's got such a cult following, he could have really pumped as much as he wanted to, but he was never distracted by that. You know, you look at his portfolio, every item is a sensible value-based safe investment. He was laser focused on value investing.
And he's got such a cult following, he could have really pumped as much as he wanted to, but he was never distracted by that. You know, you look at his portfolio, every item is a sensible value-based safe investment. He was laser focused on value investing.
And he's got such a cult following, he could have really pumped as much as he wanted to, but he was never distracted by that. You know, you look at his portfolio, every item is a sensible value-based safe investment. He was laser focused on value investing.
And I think that's what I admire most about him, how sensible he is, especially in a world where you look at all these billionaires, they only seem to make sense like 5% of the time.
And I think that's what I admire most about him, how sensible he is, especially in a world where you look at all these billionaires, they only seem to make sense like 5% of the time.
And I think that's what I admire most about him, how sensible he is, especially in a world where you look at all these billionaires, they only seem to make sense like 5% of the time.
And it says a lot that the day that a 94-year-old CEO retired, the stock dropped 5%. Like, if you told me that sentence, I'd be like, okay, the stock's going to skyrocket. People are probably waiting for this guy to retire. But total opposite. I mean, people still trust him so deeply, and they have good reason to. Just a number here.
And it says a lot that the day that a 94-year-old CEO retired, the stock dropped 5%. Like, if you told me that sentence, I'd be like, okay, the stock's going to skyrocket. People are probably waiting for this guy to retire. But total opposite. I mean, people still trust him so deeply, and they have good reason to. Just a number here.
And it says a lot that the day that a 94-year-old CEO retired, the stock dropped 5%. Like, if you told me that sentence, I'd be like, okay, the stock's going to skyrocket. People are probably waiting for this guy to retire. But total opposite. I mean, people still trust him so deeply, and they have good reason to. Just a number here.
Berkshire Hathaway stock since 1964 has returned 5.5 million percent. If you invested $10,000 in 1965, it would be worth $26.7 million versus $1 million in the S&P 500. Massively outperformed the S&P for many, many years, which is almost impossible to do as an investment manager. I will end with one Buffett quote that I love. Someone asked him, what does it mean to be rich?
Berkshire Hathaway stock since 1964 has returned 5.5 million percent. If you invested $10,000 in 1965, it would be worth $26.7 million versus $1 million in the S&P 500. Massively outperformed the S&P for many, many years, which is almost impossible to do as an investment manager. I will end with one Buffett quote that I love. Someone asked him, what does it mean to be rich?
Berkshire Hathaway stock since 1964 has returned 5.5 million percent. If you invested $10,000 in 1965, it would be worth $26.7 million versus $1 million in the S&P 500. Massively outperformed the S&P for many, many years, which is almost impossible to do as an investment manager. I will end with one Buffett quote that I love. Someone asked him, what does it mean to be rich?
He responded, quote, if there is a place that is warm in the winter and cool in the summer, and you do what you love doing, you will be fine. You are rich if you are working around people you like. You will make money if you are energetic and intelligent. This society lets smart people with drive earn a very good living. You will be no exception.