Buffett and Munger Unscripted: Lessons From Berkshire Hathaway With Alex Morris

Chit Chat Stocks

On this episode of Chit Chat Stocks, Brett and Ryan speak with Alex Morris from the TSOH Investing Research Service about his new book Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Shareholder Meetings. They discuss:

(02:55) Inspiration Behind the Book

(05:04) Target Audience for the Book

(06:59) Compiling Insights from Annual Meetings

(09:40) Repetitive Themes in Buffett and Munger's Talks

(11:43) Favorite Timeframes of Meetings

(13:17) Key Lessons from the Book

(13:46) Incentive Structures in Business

(21:09) Continual Learning as an Investor

(24:36) Avoiding Difficult Decisions

(28:10) Lessons Learned About Buffett and Munger

(30:28) Understanding Buffett and Munger's Philosophy

(33:43) Applying Lessons from Buffett and Munger

(35:08) The Debate on Diversification vs. Concentration

(37:14) Interpreting Investment Styles and Risk

(40:18) Exploring TSOH Investment Research

(46:01) Future Coverage and Insights on Companies

BUY THE BOOK OUT NOW: https://www.amazon.com/Buffett-Munger-Unscripted-Investment-Shareholder/dp/1804090670

TSOH Investing Research Service: https://thescienceofhitting.com/

*****************************************************

JOIN OUR FREE CHAT COMMUNITY: https://chitchatstocks.substack.com/

*********************************************************************

Sign-up for a bond account at Public.com/chitchatstocks

A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits into this account are used to purchase 10 investment-grade and high-yield bonds. As of 9/26/24, the average, annualized yield to worst (YTW) across the Bond Account is greater than 6%. A bond’s yield is a function of its market price, which can fluctuate; therefore, a bond’s YTW is not “locked in” until the bond is purchased, and your yield at time of purchase may be different from the yield shown here. The “locked in” YTW is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. Public Investing charges a markup on each bond trade. See our Fee Schedule. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. See https://public.com/disclosures/bond-account to learn more.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠finchat.io/chitchat

*********************************************************************

Sign up for YellowBrick Investing to track the best investing pitches across the internet: joinyellowbrick.com/chitchat

*********************************************************************

Bluechippers Club is a tight-knit community of stock focused investors. Members share ideas, participate in weekly calls, and compete in portfolio competitions.

To join, go to ⁠bluechippersclub.com⁠ and hit apply!

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.