RWH057: Celebrating Warren Buffett w/ Joel Greenblatt, Nick Sleep, Tom Russo, Christopher Bloomstran & Chris Davis

We Study Billionaires - The Investor’s Podcast Network

Episode • May 18 • 1h 44m

In this special celebratory episode, William Green spotlights some of the most important lessons from the greatest investor of all time: Warren Buffett. In honor of Buffett’s historic decision to retire after 60 years as Berkshire Hathaway’s CEO, William offers his thoughts on Buffett’s legacy & Berkshire’s future; he also shares powerful highlights from his conversations about Buffett with Joel Greenblatt, Nick Sleep, Thomas Russo, Chris Davis, Chuck Akre & Christopher Bloomstran.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:20 - What makes Berkshire Hathaway’s annual meeting a joyous experience.

06:13 - How Warren Buffett’s virtues & values shone through at this year’s AGM.

14:51 - How he & Charlie Munger made most of their money off 8 or 9 big bets.

22:41 - What Buffett taught Joel Greenblatt about buying great businesses.

27:24 - What stunned Greenblatt when he finally met Buffett.

33:45 - Why Chuck Akre attributes his enormous success to Buffett’s teachings.

38:18 - What Thomas Russo learned from Buffett about reducing “agency risk.”

46:17 - How Buffett inspired Nick Sleep to do what he already knew was right.

52:34 - Why Christopher Bloomstran thinks all CEOs should study Berkshire. 1:19:54 - Why Buffett focuses relentlessly on resilience in the face of extreme risks.

1:22:48 - What principles guide Greg Abel’s philosophy of asset allocation.

1:26:00 - Why Berkshire directors like Chris Davis vow to protect its unique culture.

1:33:39 - How he achieved staggering success without making enemies.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more ⁠here⁠.
Join the exclusive ⁠TIP Mastermind Community⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Berkshire Hathaway’s annual reports since 1995.
Robert Hagstrom’s book The Warren Buffett Way.
Dale Carnegie’s book How to Win Friends & Influence People.
William Green’s podcast episode with Joel Greenblatt.
William Green’s podcast episode with Thomas Russo.
William Green’s podcast episode with Christopher Bloomstran.
William Green’s podcast episode with Chris Davis.
William Green’s book, “Richer, Wiser, Happier” – ⁠read the reviews of this book⁠.
Follow William Green on ⁠X⁠.
Check out all the books mentioned and discussed in our podcast episodes ⁠here⁠.
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