Warren Buffett, every mention
78 scenes (2022) · ← back to Warren Buffett
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every year 2022 anyone David Rosenthal 108Ben Gilbert 76David Senra 34Michael Lewis 22Jim Weber 16Charlie Munger 13Brad Gerstner 8Andrew Marks 8Steve Ballmer 4Brinton Johns 4
Verbatim, from the transcripts: the passages where Warren Buffett comes up
Holiday Special 2022 · Acquired
- ▶ 1:54:28 Ben Gilbert Berkshire's at a scale where that is no longer something that could move the needle for them, but it could have for Warren in, in 1980.
Stratechery (with Ben Thompson) · Acquired
- ▶ 1:30:57 David Rosenthal And then he and his partners became completely obsessed, just like us, with Berkshire Hathaway and Warren and Charlie, and they realized, wait a minute, there are a whole bunch of companies out there that are internet companies who would…
Enron · Acquired
- ▶ 2:00:48 Ben Gilbert Uh, or Buffett?
- ▶ 2:23:13 Ben Gilbert They called Warren Buffett.
- ▶ 2:23:14 Ben Gilbert Buffett was completely uninterested.
- ▶ 2:47:59 David Rosenthal Warren Buffett, Charlie Munger, Berkshire Hathaway.
- ▶ 2:48:52 David Rosenthal It all comes full circle, and the company comes home to Omaha, to Warren Buffett's
Qualcomm · Acquired
- ▶ 21:39 Ben Gilbert Before it merged with Berkshire and before, of course, Warren Buffett bought it.
ACQ Sessions: Jason Calacanis · Acquired
- ▶ 1:50:28 David Rosenthal They are so much so the Berkshire Hathaway of the internet that, as we told you about a few seasons ago, they literally built a business on the internet selling busts of Warren and Charlie that you can order.
Benchmark Part I · Acquired
- ▶ 1:40:33 Ben Gilbert That just wouldn't have happened otherwise, because as we know from Buffett and everyone else who has said it over the years, incentives drive behavior, and if you truly create the incentive for this group of people to be this…
- ▶ 3:21:26 Ben Gilbert So many of you know the margin of safety Benjamin Graham concept, and Buffett and Munger, of course, popularized it.
- ▶ 3:38:17 Ben Gilbert It feels like a Buffett-esque schedule rather than like a lot of times we meet with people in our racket and they're back to back in 30 minute meetings all day.
Amazon Web Services · Acquired
- ▶ 2:07:38 David Rosenthal And then, of course, Warren and Charlie popularized it at Berkshire.
- ▶ 2:36:46 Ben Gilbert Thank you to Warren Buffett.
- ▶ 2:42:13 David Rosenthal It's the Warren Buffett, Ben Graham, a stock is a piece of a business.
Howard Marks & Andrew Marks: Something of Value · Acquired
- ▶ 3:03 Ben Gilbert Even Warren Buffett is quoted in saying, when I see memos from Howard Marks in my mail, they're the first thing I open and read.
- ▶ 10:13 Andrew Marks I started off being a value investor, first parroting my dad, as all little kids do, and then I got fortunately into the Buffett letters really young, and so turned into a huge Buffett nerd and all the things that come with that.
- ▶ 11:02 Ben Gilbert And Andrew, do you recall in your journey over the course of your life the first time where you saw what you felt was a really attractive investment opportunity in what people would consider growth investing or high growth investing or…
- ▶ 12:31 Andrew Marks And by the way, and Buffett talks about this when he talks about the concept of owner earnings and things like that.
- ▶ 13:19 Andrew Marks I think it's also really interesting because a typical value investor, you sort of look just at the fundamentals of the business, and you look at the economics of the business, and Buffett is very famous for saying that you want a business…
- ▶ 14:44 Howard Marks And I think that for the most part, Oaktree does what Warren and Charlie do.
- ▶ 33:24 Andrew Marks In the times when Buffett was starting, information about companies, and the ability to transact in companies, and actually even finding out about companies, was extremely hard.
- ▶ 33:38 David Rosenthal He was driving around buying stock certificates from farmers.
- ▶ 34:03 Andrew Marks And I wasn't there, but I know this because Buffett says that this is exactly what he did.
- ▶ 41:01 Andrew Marks One of the things that really interests me is applying some of the more traditional investing lenses or Buffett investing lenses or whatever to venture is really interesting because I think you have to think about, well, what can this be…
- ▶ 42:37 Howard Marks So he's had to evolve from the old value people who, you know, Buffett talks about buying dollars for 50 cents, which is not such a terrible idea, but to doing more like he does, dealing with these challenging
- ▶ 44:50 Ben Gilbert They became completely obsessed with Warren, Charlie, and the Berkshire model, and of course that led them to realize, wait a minute,
- ▶ 45:13 Ben Gilbert What would Warren and Charlie do here?
- ▶ 57:09 Andrew Marks I mean, one critique you could make of Buffett is he just totally ignored technology, and technology not only became much more pervasive, but I also think that, I mean, he's an incredibly smart guy, and he understands lots of different…
- ▶ 57:53 Andrew Marks You also had Hamilton Helmer on here, and a lot of those sort of moats traverse both technology and non-technology businesses, so I have no doubt that Buffett could have totally nailed it, but it was just not in his comfort zone.
- ▶ 1:16:59 Howard Marks And Buffett talks about skipping to work in the morning, and I skip inwardly.
From NFL to Startup COO to Congressman Regulating Crypto (with Rep. Anthony Gonzalez) · Acquired
- ▶ 1:35:51 Ben Gilbert At the same time that they were having all the success building that business, Andrew and his partners Chris and Jeremy started to think about investing and became totally obsessed with Warren, Charlie, and Berkshire.
- ▶ 1:54:11 Anthony Gonzalez Sort of doing the Buffett model, but with high growth companies, right?
Walmart · Acquired
- ▶ 15:23 David Rosenthal And then of course, like every good acquired protagonist, he gets a newspaper route for the Columbia, Missourian, just like Warren Buffett.
- ▶ 20:27 Ben Gilbert It's so interesting that this story parallels Warren Buffett's story in so many ways, but the reasons that they're successful are different.
- ▶ 20:34 Ben Gilbert Warren's is about understanding the value of compounding, and it's not that Sam didn't, but it's that Sam was a salesman.
- ▶ 20:59 David Rosenthal Warren basically stayed an entrepreneur.
- ▶ 22:05 unnamed speaker Buffet.
- ▶ 22:06 David Rosenthal Just like Warren.
- ▶ 51:51 Ben Gilbert If you thought Warren was, you know, a penny-pinching, very plain, no frills, no fancy things entrepreneur, Sam Walton, hard to argue who's sort of more frugal and less showy.
- ▶ 2:00:50 David Rosenthal That happened in the public markets after Warren had brought on Ted and Todd.
- ▶ 3:01:26 Ben Gilbert Dude, he even talks like Warren.
The Playbook: Lessons from 200+ Company Stories · Acquired
- ▶ 18:50 David Rosenthal And of course, we all know what happens since, and, uh, we, uh, the next slide, we, uh, we, we just for fun, we, we, we, we, we put on where, um, where our friends Ted and Todd over at, uh, at Berkshire, uh, with Warren's approval started…
Arena Show Part II: Brooks Running (with CEO Jim Weber) · Acquired
- ▶ 6:28 Ben Gilbert So, along the way, Brooks was acquired by Berkshire Hathaway, and Warren Buffett personally elevated Brooks and Jim to make the company a direct report to him.
- ▶ 16:50 Jim Weber That's why, uh, that's why Warren Buffett likes us.
- ▶ 37:00 Jim Weber I, in one sense, you know, I'd gone to school on Warren through his letters, and I had an internship in the eighties that
- ▶ 37:26 Jim Weber And Warren, oh my gosh, plays to win, signals he will never, ever, ever, ever quit.
- ▶ 37:42 Jim Weber Don't do that with Warren Buffet, because he never quits.
- ▶ 38:12 Jim Weber So I'd gone to school on him, so once we got part of Fruit, I thought, okay, this is good because Charlie and Warren are going to understand what we're doing at Brooks.
- ▶ 39:10 Jim Weber So I actually, you know, talked to some super smart people, some in this town, and, and, uh, you know, Warren basically said, I'm not going to get involved.
- ▶ 39:36 Jim Weber Um, and then two years later, Warren plucked us out.
- ▶ 40:26 Ben Gilbert At some point, you get the phone call from Warren.
- ▶ 40:59 Jim Weber You know, Warren had, we had started to sell shoes at the annual meeting, Omaha.
- ▶ 41:03 Jim Weber This is like Charlie and Warren, you know, 50 years ago.
- ▶ 41:16 Jim Weber But, you know, we were selling shoes there, and I sent Warren a note, and great, next year we'll sell more.
- ▶ 42:25 Jim Weber I don't know why it was in there, but Warren saw it, circled it, and said, Jim, this is great.
- ▶ 43:08 Jim Weber Jim, this is Warren.
- ▶ 43:14 David Rosenthal This is like, you know, uh, you know the story of Warren during the financial crisis about Lehman that he could, he missed the voicemail.
- ▶ 43:31 Jim Weber Sorry, Warren.
- ▶ 43:49 Jim Weber And I said, you know, Warren, I think that's a good idea.
- ▶ 58:01 Jim Weber So I wanted to buy every one of those and Warren wanted me to do the multiple on EBITDA and there was no EBITDA.
- ▶ 1:06:07 Jim Weber But I think what, what I quickly figured out, and I talked it through, you know, with my family and obviously with, ah, with Warren, frankly, is that, you know, I decided that I was doing exactly what I wanted to be doing.
Arena Show Part I: Idea Dinner + YC Continuity · Acquired
- ▶ 1:30:45 Ben Gilbert Part of Berkshire Hathaway, deep personal relationship with Warren Buffett, purpose-driven brand.
Nvidia: The GPU Company (1993-2006) · Acquired
- ▶ 1:21:32 Ben Gilbert Warren's perspective is, uh, we all should have a whole lot of skin in this game.
- ▶ 1:21:39 David Rosenthal And that is not one that I personally think is worth taking, but like, I get where he's going with it.
- ▶ 1:21:43 David Rosenthal So unless you're Warren Buffett, but even if you are, for God's sakes, Warren, protect your family.
- ▶ 1:21:49 Ben Gilbert Warren, go to vouch.us slash acquired and, uh, and get yourself some D&O shirts, my god.
- ▶ 1:42:26 Ben Gilbert I mean, Buffett has, I think it's in a 2000 fortune article that he wrote.
Altimeter (with Brad Gerstner) · Acquired
- ▶ 14:51 David Rosenthal And so, you know, that's a different outcome to the same story for Warren Buffett.
- ▶ 15:49 Brad Gerstner Pete went on to build the largest RV company in the world that he sold to Warren Buffett, and Warren has written a lot in his annual letters about Pete, who's just a legend of a human being, was a great inspiration to me, and it was funny…
- ▶ 32:43 Brad Gerstner At the time, if you really rewind the clock, Warren Buffett, right, I don't know what year it was, 1955, when he started his hedge fund, he did both publics and privates, right?
- ▶ 1:01:38 Brad Gerstner You know, as Buffett has said, the best investments, you have to be non-consensus and right.
- ▶ 1:28:29 Brad Gerstner Warren Buffett was my hero.
- ▶ 1:28:31 Brad Gerstner Hey, if you asked him, why do you do private investments?
- ▶ 1:28:33 Brad Gerstner He'd just say, I do great investments, right?
- ▶ 1:28:35 Brad Gerstner He didn't, like, it's not private versus public.
- ▶ 1:45:10 Brad Gerstner Owning your slice of America is a good bet, as Warren Buffett likes to say.
Peloton - the entire history and strategy behind America's trendiest workout · Acquired
- ▶ 46:05 Ben Gilbert You know, the, in the Buffett parlance of price is what you pay, value is what you get.