2018-02-19

Berkshire Hathaway Chair & Vice Chair: Warren Buffet & Charlie Munger

Warren Buffett: Advice For Entrepreneurs (2018)

Warren Buffett: Advice For Entrepreneurs (2018). Interview Date: 13th February, 2018.
Event: 10,000 small businesses summit. Investors Archive video published Feb 15, 2018.

A speech by billionaire and CEO of Berkshire Hathaway, Warren Buffett. In this speech, Warren tells three stories of entrepreneurs who against unfavourable circumstances, created successful businesses. These stories demonstrate key principle that Warren sees as necessary for a business to succeed.

Video Segments:
0:00 Introduction
0:38 Giving speeches
2:28 Buying a business from two women
6:42 Lessons learnt from Jack Taylor creating Enterprise
16:22 Inspire others
17:43 Important decisions in life
18:56 Simple rules

Warren Buffett Books:
The Snowball: Warren Buffett and the Business of Life
The Essays of Warren Buffett
Tap Dancing to Work: Warren Buffett on Practically Everything

Warren Buffett's Favorite Books:
The Intelligent Investor: The Definitive Book on Value Investing
Security Analysis: Sixth Edition
Common Stocks and Uncommon Profits and Other Writings

Transcript (auto-generated):


A Conversation with Charlie Munger and Michigan Ross - 2017

The Ross School of Business - University of Michigan video above published Dec 20, 2017: Charlie Munger, Vice Chairman of Berkshire Hathaway, joins Michigan Ross Dean Scott DeRue for a conversation about Mr. Munger's life, career journey, philanthropic legacy, and his thoughts on a few current global trends. Recorded Nov 30, 2017 in Los Angeles as part of an event for alumni of the Ross School of Business at the University of Michigan. Scott DeRue and Charlie Munger are introduced by John E. Conlin, President of NWQ Investment Management Co. To jump directly to the conversation with Charlie, forward to: 2:57.

Bitcoin and cryptocurrency:
"I think it is perfectly asinine to even pause to think about them," Munger said. "It's bad people, crazy bubble, bad idea, luring people into the concept of easy wealth without much insight or work. That's the last thing on Earth you should think about … There's just a whole lot of things that aren't going to work for you. Figure out what they are and avoid them like the plague. And one of them is bitcoin. … It is total insanity."
"You know it is one thing to think gold has some marvelous store of value because man has no way of inventing more gold or getting it very easily, so it has the advantage of rarity. Believe me, man is capable of somehow creating more bitcoin. … They tell you there are rules and they can't do it. Don't believe them. When there is enough incentive, bad things will happen."
Transcript (auto-generated):


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