Berkshire Hathaway
also referred to as: berkshire
45 statements across 17 episodes · 28 bullish · 2 bearish · 14 people on the record · first statement May 2, 2017 by Ted Seides · said 163 times in 41 episodes since 2017 · across every show →
Mentions by year
brought up most by Ted Seides (65), Tom Russo (34), Charlie Ellis (18), Morgan Housel (11), Patrick O'Shaughnessy (4), Chamath Palihapitiya (4), Bruce Martin (4), Shane Parrish (2)
tap a year for its mentions
2026 6 mentions in 6 episodes 1 per episode
- Senior Decision Makers: Nicholas Csicsko, Trinity Wall Street (EP.508)
- Will England, Derek Drummond, and Tony Caruso – Disintermediating Pod Shops (EP.501)
- Alex Sloane & Matt Perelman – Buy-and-Build Playbook in the Core Economy at GSP (EP.499)
- Randall Stutman – Giving Feedback, Followership, and Admired Leadership (EP.497)
- Promote Giving – A New Model for Performance-Driven Giving (EP.496)
- Bruce MacDonald – The Playbook for Building a Mid-Sized Endowment from Scratch (EP.495)
- every mention in 2026, scene by scene →
2025 4 mentions in 4 episodes 1 per episode
- Jay Ripley – Emerging Manager Selection at GEM (EP.470)
- Mike Trigg and Sanjay Ayer – The Discipline of Getting Better at WCM (EP.467)
- Michael Choe - Atomization of Private Equity Decisions at Charlesbank (EP.432)
- Anthony Pompliano – Building Influence and Capital to Live an Extraordinary Life (EP.430)
- every mention in 2025, scene by scene →
2024 11 mentions in 3 episodes 4 per episode
2023 1 mention in 1 episode
2022 6 mentions in 4 episodes 2 per episode
- Ted Seides – Insights on investing and podcasting (Capital Allocators, EP.269)
- Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)
- Greg Dowling – Mid-Market Institutional Consulting at FEG (Capital Allocators, EP.248)
- Florian Bartunek – Equities in Brazil at Constellation Asset Management (Manager Meetings, EP.27)
- every mention in 2022, scene by scene →
2021 12 mentions in 6 episodes 2 per episode
- Bruce Martin – Still Lake Capital [Manager Meetings, EP.7)
- Private Equity Masters 8 – Chuck Davis – Stone Point Capital (Capital Allocators, EP.207)
- Alex Rodriguez – Business after Baseball (Capital Allocators, EP.198)
- Todd Boehly - The Next Berkshire Hathaway at Eldridge (Capital Allocators, EP. 223)
- Brian Bares – Qualitative Concentration at BCM (Capital Allocators, EP.191)
- Jeff Housenbold – Inside Softbank Vision Fund (Capital Allocators, EP.186)
- every mention in 2021, scene by scene →
2020 15 mentions in 7 episodes 2 per episode
- Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
- Chamath Palihapitiya – The Social Capital Flywheel (Capital Allocators, EP.167)
- Shane Parrish – Learning to Learn at Farnam Street (Capital Allocators, EP.164)
- Scott Wilson – Concentrated Investing at Washington University-St. Louis (Capital Allocators, EP. 159)
- Sustainable Investing 9: Reuben Munger – Private Capital Perspective (Capital Allocators, EP.147)
- Sustainable Investing 4: Emanuel Citron – Sourcing Sustainable Managers (Capital Allocators, EP.142)
- James Aitken – Tour Around the World from a Small Island (Capital Allocators, EP.122)
- every mention in 2020, scene by scene →
2019 75 mentions in 4 episodes 19 per episode
- Thomas Russo – All About Berkshire Hathaway (Capital Allocators, EP.89)
- Jason Karp – From Hedge Funds to Health and Wellness at HumanCo (First Meeting, EP.12)
- Thomas Russo – All About Google (Capital Allocators, EP.90)
- André Bourbonnais – Blackrock Long-Term Private Capital (First Meeting, EP.04)
- every mention in 2019, scene by scene →
2018 10 mentions in 2 episodes 5 per episode
2017 23 mentions in 4 episodes 6 per episode
- The Bet with Buffett (Capital Allocators, EP.05)
- Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
- Thomas Russo – Buy and Hold...and Then What (Capital Allocators, EP.16)
- Paul Johnson and Paul Sonkin – The Perfect Investment (Capital Allocators, EP.32)
- every mention in 2017, scene by scene →
Everything said about Berkshire Hathaway, oldest first
May 2, 2017 positive
Seides: Permanent capital makes buyers more attractive to retiring business owners
“If you can make the case credibly that you don't have to sell someone's business, you become a more favorable buyer. So if someone has bought, I'm sorry, built their own company over the years, and they're nearing retirement age, and they want to sell their ba…”
May 2, 2017 neutral
May 2, 2017 positive
O'Shaughnessy: Constellation Software operates like a disciplined Berkshire for software
“Effectively what that is, is a, like Berkshire, an almost decentralized collection of software companies. So the parent Constellation, forgetting the CEO's name and his team are basically buying up individual assets, not, not micromanaging them. And they're ki…”
May 2, 2017 positive
Seides: Buffett bet collateral held in Berkshire stock outperformed the S&P 500
“And there's one closing point I'd make that's an undercurrent of the bet, which is we all talk about and focus about how great the S&P five hundred's been. But what we actually did with the money, the collateral of the bet, outperformed the S&P 500 by a mile. …”
May 2, 2017 positive
May 22, 2017 positive
Ellis: Family portfolio is fully indexed except for Berkshire Hathaway
“For myself, for my wife, for my sons and for my grandchildren, it's all indexed with one exception and the one exception, which you and I both know is Warren Buffett. I lucked into understanding Berkshire Hathaway way back in the seventies, and I'm not about t…”
May 22, 2017 bullish
Jul 10, 2017 bullish
Jul 10, 2017 neutral
Jul 30, 2018 positive
Ellis holds only two investments: index funds and Berkshire Hathaway stock
“What do you do with your own investing? Oh, I've got two kinds of investment. One is index funds, which I'm so happy with, just really comfortable with. And the second is an index fund equivalent in many ways, Berkshire Hathaway.”
Jul 30, 2018 positive
Greenwich Associates bought Berkshire Hathaway in the 1970s and gained 300x
“So as a defensive move, we bought some Berkshire Hathaway. And candidly, it's worked out beautifully. But what I wish has gone up 300 times from where we bought it. What I wish, obviously, is we bought more. That's probably the biggest mistake I've ever made.”
Mar 4, 2019 negative
Russo: Olympus Re collapsed after Hurricane Katrina from concentrated regional risk
“I remember after Katrina, where they survived with barely a nick relative to the kind of crushing consequences that even Jack Byrne suffered with White Mountains, and then they had something called Olympusry. And it was blown up. They aggregated too much risk …”
Mar 4, 2019 positive
Russo: Buffett's Guidance Keeps Berkshire's Investment Failure Rate Far Below Peers
“You know, as Warren always says, the goal is to know what's important and knowable, and by channeling the conversation to what's most important and what's most knowable, I think the strikeout ratio at Berkshire is way lower than any other company because they'…”
Mar 4, 2019 neutral
Mar 4, 2019 neutral
Russo: Berkshire Compounded at ~8% From 1999-2019 vs 19% Since 1965
“And if you compound from that moment till today, I think the compound is about eight percent. Embedded, you can check that number. What year and what year was that? Between 99 to today, and then if you go back to 65, I think that's when he first starts to repo…”
Mar 4, 2019 positive
Russo: Buffett insisted Berkshire subsidiaries compete instead of trading internally
“Warren insisted over the years that companies had to compete for the business, that the internal crutch of a natural demand to Clayton homes for the Acme bricks threatened over time to lead to less than market tested outcomes because each of them knew that the…”
Mar 4, 2019 positive
Russo: Berkshire's Insurance Edge Is Preserving Capacity for High-Premium Risks
“And then on specific risks, he consults with Warren, the best risk adjuster in the world. And together, you have this ability not to swing for endless pitches, endless countless pitches they don't swing. But when they do swing, it's the big fat one. And so it'…”
Mar 4, 2019 neutral
Mar 4, 2019 positive
Mar 4, 2019 bullish
Russo: Berkshire's Acquisition Advantage Will Endure if Operating Autonomy Persists
“And so long as all of the infrastructure that I described within the Berkshire model as they operate, Remains. I think Berkshire will have the ability to drop people from similar businesses down the road over time. The moment that they break from that process …”
Mar 4, 2019 positive
Russo: Berkshire Bought PacifiCorp at 10x Pre-Tax, Reinvesting at 10%+
“They paid 10 times pretext to buy that business, and then they had an endless ability to deploy capital in the capital-starved company that they bought. Scottish Power hadn't invested in that production and distribution network sufficiently, and so they had th…”
Mar 4, 2019 positive
Russo: Berkshire's IBM Failure Paved the Way for $40B Apple Position
“And sure enough, IBM was a complete dud. However, it allowed for them to begin the journey to technology, and sometime later, instead of a six billion dollar position in the dud, IBM, they have a forty billion dollar position in Apple, and they were willing to…”
Mar 4, 2019 neutral
Mar 4, 2019 neutral
Mar 4, 2019 neutral
Russo: Regular Insurance Renewals Increase Exposure to Broad Market Pressures
“Usually when you're in the market and you're renewing on a regular basis, you end up being more exposed to the general broad market forces that they have enjoyed not succumbing to for most of the life of Berkshire because they never have to swing.”
Mar 4, 2019 negative
Russo: Interfering with subsidiary autonomy would vastly diminish Berkshire's value
“If you get a sense That there's a wholesale rejiggering of the lines of reporting, or that people have to fire 10% of all their staff, or any kind of change that impinges upon that promise, it'll vastly diminish the value of Berkshire going forward.”
Mar 4, 2019
Russo: Compounding Growth Requires Owner-Minded Managers Over Self-Interested Agents
“Anybody who reinvests on your behalf is your agent, and it's really hard to succeed in business if your agent is self-interested rather than has your interest at heart. And so that was a really important insight is that you need something that can grow, and th…”
Mar 4, 2019 positive
Russo: Berkshire wrote post-Katrina reinsurance for one year then pulled back
“And Berkshire survived, and then they wrote the next year, and at premiums that were massively higher, and they wrote lucky, and so they kept all the premium, because it was an event-free year. And then they didn't write the next year”
Mar 4, 2019 bullish
Mar 4, 2019 positive
Russo: Weschler and Combs report only to Buffett without committees
“They don't have any reporting responsibilities outside of Warren, in some ways. They don't meet with committees. They don't have to describe why it is that they like Amazon to people who may not have the capacity to even understand the essential value that the…”
Nov 11, 2019 positive
Karp: HumanCo is structured as a Berkshire Hathaway-style wellness holding company
“So we created a holding company called Human Co. It's not a fund. It is a holding company. And the easiest way to think about it is think of a Berkshire Hathaway type of business focused on cleaner living, healthier outcomes, and sustainability. And that's its…”
Jun 18, 2020 neutral
Sep 7, 2020 neutral
Sep 7, 2020
Dec 7, 2020 positive
Chamath: Buffett used capital allocation to accelerate his worldview on America
“What Buffett was able to do, and this is me imposing my own narrative now looking backwards, but he was able to use capital to accelerate his worldview. And a lot of his worldview was around American exceptionalism and American GDP and the belief in the Americ…”
Dec 7, 2020 bullish
Jun 7, 2021 bullish
Aug 19, 2021
Jan 20, 2022 bullish
Nubank Has 50M Customers and a $45B Valuation
“Nubank is the largest digital bank in the world with almost 50 million customers. It's now trading at a forty five billion dollar valuation. Warren Buffett Berkshire Hathaway actually invested in a private round and in the IPO. Sequoia, SoftBank are investors.”
Dec 12, 2022 positive
Vanguard prepared a $5B iShares bid using Warren Buffett debt
“Well, first they went to Omaha, Nebraska and talked to Warren Buffett. Would he be interested in lending some money? And then they explained to him through their banker that they had the ability to raise money by passing it back to the funds anytime they wante…”
Feb 13, 2023 positive
Feliciano: Warren Buffett's success stems from a highly flexible capital structure
“One of the key things about Warren Buffett success is that he had a very flexible capital structure, very flexible source of capital, and within that The same team, if you think about it, was making buyout decisions, was buying equity in the secondary market, …”
Jan 1, 2024 bullish
Housel: Markel Is the Only Company Replicating Berkshire Hathaway's Business Model
“If there's one company that I was like, look, they don't have the size anchor, and they have a little bit more of the youth to keep this going, the only company I've ever seen that's come close to that is Markel. And it's shamelessly copied the Berkshire busin…”
Jan 1, 2024 positive
Housel: Warren Buffett's Early Success Relied on Superior Communication Skills
“An underappreciated contributor to his success is that for his entire life, he's been such an effective communicator. I don't know if I'd say storyteller, but a very effective communicator. In the hedge fund partnership days, that gave him, I think, a more sta…”
Jul 22, 2024
Feb 17, 2025 neutral
Choe: Systematic Process in Investing Is Far Harder Than Star Talent
“I think it's much easier to have a firm that is a great investment firm because it has one or two great investors. Now, I'm not saying we are that, but just take any famous investment firm out there, Hedge Fund or Berkshire Hathaway. Really, the persona of the…”