Episode Details

Robert Leonard chats with Adam Mead about his book, “The Complete Financial History of Berkshire Hathaway: A Chronological Analysis of Warren Buffett and Charlie Munger's Conglomerate Masterpiece.”

Aside from being a Buffett enthusiast and lifelong learner of business, Adam is the CEO and Chief Investment Officer of Mead Capital Management, LLC.

IN THIS EPISODE, YOU’LL LEARN:

• 00:00 - Intro

• 02:54 - Who is Warren Buffett and Charlie Munger?

• 02:54 - How did they influence each other’s investing approach?

• 06:36 - Who is Benjamin Graham and what was his impact on Buffett?

• 08:46 - What is value investing and why is it relevant in today’s market?

• 25:12 - The evolution of Berkshire Hathaway (BRK) and common misconceptions about it.

• 37:20 - Why Buffett hasn’t deployed BRK’s large cash pile amid the COVID crisis?

• 43:51 - Why investors shouldn’t just copy Buffett’s stock picks.

• 45:20 - What has been the leading cause for Buffett’s underperformance over the last decade?

• 52:42 - The timeless principles of the Oracle of Omaha that have led to his success and are worth following.

• 57:08 - The future of BRK and if it will survive without Buffett and/or Munger.

And much, much more!

BOOKS AND RESOURCES

• Adam Mead’s book The Complete Financial History of Berkshire Hathaway.
• Mead Capital Management website.
• The Oracle’s Classroom YouTube channel.
• Stig Brodersen and Preston Pysh’s book Warren Buffett Accounting Book.
• Peter Kaufman’s book Poor Charlie’s Almanack.
• Benjamin Graham’s book The Intelligent Investor.
• All of Robert’s favorite books.

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