Owen is joined by Drew Meredith, CFP to reflect on Warren Buffett’s latest Berkshire Hathaway (BRK) shareholder letter and share 10 pieces of Buffett’s wisdom.
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Owen Rask is joined by Drew Meredith, CFP to reflect on Warren Buffett’s latest Berkshire Hathaway (BRK) shareholder letter and share 10 pieces of Buffett’s wisdom.
5 of Owen’s favourite Buffett ideas are as follows:
- Buffett the teacher & the Orangutan effect. Teach a monkey and you’ll be a better investor.
- Closing the market for 5 years anchors you to valuation, not price.
- “Favorable long-term prospects” and what it means. It doesn’t mean themes or sectors. It means strong franchises.
- Staying invested – Buffett has $US144 billion of cash! He’s wanted to be 100% equities since the 1960s!
- Focus on Owner earnings – increasing asset values & dividend income are what matter.
Drew’s 5 Buffett’s insights:
- Work-life balance doesn’t get you ahead. Buffett eats annual reports for breakfast.
- Buffett does business-picking, not stock-picking.
- Compounding returns, not indexing. Buffett is a private equity investor.
- Buffett’s big four & true diversification in action. Insurance & Statutory fund; Apple, Railroads and Energy.
- Decarbonising the world is going to start at the top.
~~ A note for transparency: we receive nothing ~~
Rask, the publisher of the podcast series, is a privately owned company. It’s owned and run by Owen. But you should know that Drew is a shareholder in The Rask Group Pty Ltd, and Wattle Partners provides us with operational support (e.g. we share an office space). But to be clear: Rask does not receive anything from Drew or Wattle Partners appearing on the show, or if you decide to his/their services. Owen and Drew are just like-minded investors who want to help people invest better. You can find out more by reading Rask’s Financial Services Guide — or simply by asking Owen or Drew.
Date of recording: 3 March, 2022
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