Episode Details

My guest today is Adam Mead — he is a professional investor, founder of Mead Capital Management, and the author of a wonderful book, **The Complete Financial History of Berkshire Hathaway: A Chronological Analysis of Warren Buffett and Charlie Munger's Conglomerate Masterpiece.** He was on Talking Billions over a year ago, and he returns to talk about Berkshire, Buffett, Munger, investing, running an investment firm, and so much more.

Adam J. Mead is a life-long student of business and capital allocation.

He is the CEO and Chief Investment Officer of Mead Capital Management, LLC. Adam is also the founder of watchlistinvesting.com, a value investing newsletter.

Adam spent over a decade in banking in commercial credit, including observing first-hand the aftereffects of the Great Recession and the long credit expansion afterward.

Adam has been investing in public securities markets since 2004. He owned two small businesses (non-financial) during college, and grew up in a family of small business owners. In addition to managing assets for his clients at Mead Capital, he is involved with numerous local non-profit organizations.

Adam holds a Master of Business Administration from Southern New Hampshire University, from which he graduated Summa Cum Laude in 2013. Previously he graduated Summa Cum Laude from Southern New Hampshire University in 2008 with an undergraduate degree in Business Studies and a Minor in Economics.

Twitter: @BRK_Student

LinkedIn: https://www.linkedin.com/in/adam-j-mead-ab621822/

YouTube: https://www.youtube.com/channel/UCzKKNwxRUKekpN1id4QVyHg

Blog:

http://www.theoraclesclassroom.com

Newsletter:

http://watchlistinvesting.com

Takeaways

• Attending Berkshire Hathaway's annual meetings creates a sense of community and reminds investors of the principles and values they follow.

• Treating shareholders with respect and recognizing their importance is a key aspect of running a successful business.

• Investing is driven by curiosity and a desire to understand how the world works.

• Managing other people's money is a responsibility that requires empathy, understanding, and the ability to address clients' behavioral challenges.

• Resilience is important in investing, and it can be developed through experience and a deep understanding of the businesses in which one invests.

• Running an investment firm involves a range of responsibilities, from attracting and retaining clients to navigating regulatory requirements.

• Starting an investment firm involves navigating regulatory requirements and making decisions about fee structures and operational processes.

• Building relationships with clients and earning their trust is crucial in the client-advisor dynamic.

• Staying small as a firm can offer advantages such as flexibility and the ability to focus on high-value activities.

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