Warren Buffett
Legendary long-term value investor and chairman of Berkshire Hathaway.
“"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.”
“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→“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→“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→“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→“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→“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→AI-extracted from podcast / newsletter / paper summaries. May contain errors.