Warren Buffett
Legendary long-term value investor and chairman of Berkshire Hathaway.
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“nine years in a row, double digit revenue growth to 1.6 billion in revenue”
Source→“Warren Buffett goes around and he was like, you know, American Express stock is down right now... I have a feeling that the people who are using American Express, they don't really give a shit about this. They still trust that American Express is good for, you know, credit cards.”
Source→“Warren Buffett in Berkshire was the largest shareholder in ABC Cap Cities... Really, the person that Eisner is pitching is Buffett.”
Source→“The Cap Cities/ABC deal brought in ESPN's massive cash flows but also imported a fundamentally different content business”
Source→“Warren Buffett bought first stock at seven and basically was thinking about businesses, money and stocks since he was very young.”
Source→“He went with the briefcase in the middle of the afternoon... This trip was his way of researching Disney to see if they had lasting brand appeal.”
Source→“Buffett is this charming, wise, patient sort of guy. But if you read about him as a kid, he was at the horse tracks, he was studying betting... setting up pinball machines in barbershops and fishing golf balls out of the pond and reselling them.”
Source→“Charlie's great contribution was talking Warren out of cats and dogs, out of cigar butts. His revolution was that he convinced Warren, not any company at a great price, great companies at a good price. Most people credit that as Charlie's greatest contribution.”
Source→“Warren sent out a note. I think it was at Thanksgiving last year. And he talked about his relationship with Charlie and anybody who wants to should get ahold of that letter and see it because it's... that's what he had with Charlie.”
Source→“He literally said, I wait around and wait for the phone to ring. People call me with the craziest propositions, the craziest risks that I can price and underwrite, and then I price risk. It sounded much more like Warren's job of waiting for fat pitches, as he would describe it.”
Source→“Invest that float, as Buffett would say it, but ultimately invest our policyholders' premiums in order to grow the economy, to support the economy, invest in critical infrastructure, fund entrepreneurs, create jobs.”
Source→“"He said, look, $5 billion, if it all goes bad, that's not even a bad hurricane on the East Coast." — Lloyd Blankfein (quoting Warren Buffett)”
Source→“Berkshire Hathaway's $5 billion preferred stock investment in Goldman during the 2008 financial crisis.”
Source→“What about those who grew great through the craft of investing? Is Warren Buffett a founder? In point of fact, yes, but his art is of a different kind.”
“You can make the case that Abel is actually just replaying Buffett's strategy, only this time Berkshire Hathaway is See's Candies, and Google is BNSF.”
Source→“We bought See's for $25 million when its sales were $30 million and pre-tax earnings were less than $5 million... pre-tax earnings have totaled $1.35 billion.”
Source→“We were their customer very early on with GEICO... we were paying them $10 or $11 a click... any time you're paying somebody $10 or $11 bucks every time somebody just punches a little thing where you got no cost at all, you know, that's a good business.”
Source→“This is Berkshire's first major acquisition under CEO Greg Abel, who took over after Warren Buffett retired at the end of last year.”
“Berkshire is paying $72.50 per Taylor Morrison share, representing a 24% premium to Friday's closing price.”
“Famous investors like Warren Buffett or Chris Sacca did not win because they had better spreadsheets or faster computers. They won because they asked if the system itself was stable.”
“He would collect all the discarded betting slips... most of them are rubbish. But if even five, ten percent, he could make some money... that's not that different than what value investing is.”
Source→“Warren, if you happen to hear this, I'm deeply apologetic. You are the OG of compound interest. And I wish I was one tenth as smart as you are.”
Source→“I listened to that podcast [Acquired on Berkshire], I just went, oh, my God, this guy is a genius. And I have been the biggest fool.”
Source→“Charlie was clearly, clearly a tremendous genius in his own right because whereas Warren would buy 50 cent dollars, Charlie understood the power of compounding for companies that were growing all the time. And I think the two of them together, man, what a combination.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.