Warren Buffett, every mention
75 scenes (said by Ted Seides) · ← back to Warren Buffett
tap a year for its mentions
every year anyone Ted Seides 219Tom Russo 69Marcel van der Hoef 36Hayden Brain 25Patrick O'Shaughnessy 17Morgan Housel 17Sarah Samuels 15Charlie Ellis 12Seth Klarman 11Josh Brown 11
Verbatim, from the transcripts: the passages where Warren Buffett comes up
Moat Investing Nuances – Pat Dorsey (EP.509)
- ▶ 20:51 Ted Seides You start with the Warren Buffett line that you want a business so great that any idiot can run it because eventually someone will. 2 times in the scene
- ▶ 46:08 Ted Seides As you walk through this, it sure sounds like non-US could be in the Buffett too hard pile.
Promote Giving – A New Model for Performance-Driven Giving (EP.496)
- ▶ 0:38 Ted Seides In addition to his long and stellar career in the credit markets, Joel spearheaded the launch of Promote Giving, a philanthropic initiative similar to Warren Buffett and Bill Gates' Giving Pledge designed for alternative asset managers.
Year in Review 2025 (EP.478)
- ▶ 42:26 Ted Seides I follow all the health stuff, and I get it, and Warren Buffett says this thing about if he had a twin, and that twin only ate broccoli, he's sure that he, the current Warren Buffett, would be much happier drinking his Cherry Cokes and…
Ted on Alt Goes Mainstream (EP.458)
- ▶ 9:29 Ted Seides Warren Buffett clearly preaches it.
- ▶ 14:43 Ted Seides So we'll leave aside the old one that I made with Warren Buffett a long time ago that was hedge funds against the market. 2 times in the scene
Tim Sullivan – Yale's Private Portfolio (EP.456)
- ▶ 41:50 Ted Seides Maybe with that one as an example, there's this great Warren Buffett line that when the tide goes out, you learn who's swimming naked.
Friends Reunion 3 – Five Allocators Riff on Investing (EP.454)
- ▶ 6:37 Ted Seides AI, private credit, Bitcoin, Scott Besant, Warren Buffett's retirement, and kids going to college. 2 times in the scene
Jase Auby - Risk, Size, and Talent at Texas Teachers (EP.404)
- ▶ 57:26 Ted Seides We all have a lot of our favorite Munger Buffett quotes. 2 times in the scene
Classic Deal - Burger King by 3G Capital (EP.384)
- ▶ 7:16 Ted Seides Friendships, and Warren's continued wit and wisdom.
George Michelakis – Chess Master's Approach to Long-Short Equity at Gladstone (EP.362)
- ▶ 6:30 Ted Seides Just don't tell Warren Buffett
Brian Christiansen – High-Conviction Growth Investing at Sands Capital (EP.361)
- ▶ 23:19 Ted Seides There's this great Warren Buffett line that you want to own a business that's so good that any idiot could run it because eventually someone will.
Morgan Housel – Same as Ever (EP.359)
- ▶ 11:01 Ted Seides He's a guy who's a little bit wealthier than you in Omaha. 2 times in the scene
WTT - NAV Loans: Canary or the Gold Mine?
- ▶ 10:38 Ted Seides It's a bit like Warren Buffett's centralized capital allocation at Berkshire Hathaway.
- ▶ 11:12 Ted Seides Lightly leveraged loans may not have much risk, but as Buffett says, what the wise man does in the beginning, the fool does in the end.
Michael Carmen – Late-Stage Private Investing at Wellington (EP.332)
- ▶ 2:19 Ted Seides I would have told you not to make any bets on active management, especially against Warren Buffett.
Sachin Khajuria and Brendan Ballou – Private Equity: Profit or Plunder? (EP.331)
- ▶ 6:02 Ted Seides If you told me going into this year that the big seven tech names would be up a hundred percent in the first half, I would have told you not to make any bets on active management, especially against Warren Buffett.
Venture Capital Panel – Beezer Clarkson, Chris Douvos, and Joelle Kayden (Capital Allocators, EP.299)
- ▶ 38:59 Ted Seides You know, you go through periods like this, and you get the proverbial tide going out, and a Warren Buffett line about who's swimming naked.
Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)
- ▶ 25:52 Ted Seides The baseball analogy, a little more like a Warren Buffett, wait for your fat pitch, which in some sense is the antithesis of indexing.
Ted Seides – Insights on investing and podcasting (Capital Allocators, EP.269)
- ▶ 4:33 Ted Seides Hayden asked me some great questions that cover the difference in retail and institutional investing, aspects of my professional experience, insights from my conversations with Sam Zell, Joel Greenblatt, Chamath Palihapitiya, Mike…
- ▶ 46:48 Ted Seides He certainly would have done a lot better if he had met Warren Buffett and owned Berkshire Hathaway.
- ▶ 52:24 Ted Seides Um, in fact, Warren made some comments that gave me an indication of if he lost the bet, at least what he was going to say about starting points and ending points and time series as long as 10 years. 6 times in the scene
- ▶ 54:39 Ted Seides Um, I, I do think there's a, you know, the high level lesson that Warren wanted to impart was basically right, which is, it's just really, really hard to beat the market. 5 times in the scene
- ▶ 59:14 Ted Seides And I think that's what you find that some people are wired in a certain way that have made them truly exceptional investors, a Warren Buffett, a Sam Zell.
Ashvin Chhabra – The Aspirational Investor (Capital Allocators, EP.260)
- ▶ 4:40 Ted Seides We discussed his beyond Markowitz portfolio management framework, application of it to high net worth individuals, foundations, the Yale endowment, Warren Buffett, and a single family office.
- ▶ 44:31 Ted Seides Now, somewhere along the way, you wrote The Aspirational Investor, so a wonderful book that describes the framework, and in it, in particular, you talked about both Yale and Warren Buffett as it applies to your framework, and I'd love you… 7 times in the scene
Alex Rodriguez – Business after Baseball (Capital Allocators, EP.198)
- ▶ 4:47 Ted Seides Our conversation covers Alex's early interest in business, lessons he learned from Warren Buffett, Magic Johnson, and Greg Norman, the strategy of A-Rod Corp, time management, leadership, and identification of partners.
- ▶ 9:25 Ted Seides I want to dive into all the different investments, but I know somewhere along the way you touched base with our friend Warren Buffett. 22 times in the scene
Ted with Patrick O'Shaughnessy – Lessons from the World's Elite Money Managers (Capital Allocators, EP.184)
- ▶ 54:18 Ted Seides So I've asked Warren Buffett three times. 5 times in the scene
Morgan Housel – The Psychology of Money (Capital Allocators, EP.155)
- ▶ 39:58 Ted Seides So I love the corollary that you used, you know, you said Buffett's maybe call it worth ninety billion dollars, and Jim Simons at Renaissance is worth a lot, but a lot less. 18 times in the scene
- ▶ 44:20 Ted Seides Well, one of the things you talk about, and you can go back to the Bill Gates example, people think of Warren Buffett this way, is this notion that the tails more than sort of a steady state compounding are really what drives returns. 2 times in the scene
Ted Seides – A Rational Reminder (Capital Allocators, EP.121)
- ▶ 11:09 Ted Seides I think you could take a corollary of something that, you know, Warren Buffett said about companies and industries.
- ▶ 41:53 Ted Seides So I, I think that it's probably fifty-fifty if you had a good hedge fund portfolio versus the market for the next 10 years, but I would never make what I thought was a fifty-fifty bet in public with Warren Buffett.
- ▶ 43:13 Ted Seides I assumed that no matter what, the bet and having lost the bet to Warren would be sort of part of my public legacy, and I wasn't gonna be able to do anything about that.
André Bourbonnais – Blackrock Long-Term Private Capital (First Meeting, EP.04)
- ▶ 25:54 Ted Seides And as you go out, when I think of other people who have similar type of duration capital, right, you think of Berkshire Hathaway and Warren Buffett, you could think of places like your former employers that do this directly.
Ted Seides – Interviewing and Manager Meetings (Capital Allocators, EP.94)
- ▶ 17:52 Ted Seides When Warren looks at this, he's looking at the entire universe of active managers, and saying that if you take all these people together, and they charge fees, together they make the market, you charge fees, and you're going to lose. 3 times in the scene
- ▶ 37:08 Ted Seides So someone like Warren, obviously, Seth Klarman at Bowpost, just a brilliant, brilliant communicator.
Thomas Russo – All About Berkshire Hathaway (Capital Allocators, EP.89)
- ▶ 4:45 Ted Seides The conversation covers Tom's initial purchase of Berkshire, company meetings, reaffirming his thesis and searching for disconfirming information, the genius of Warren Buffett, research on MyTech, 2 times in the scene
- ▶ 20:41 Ted Seides Of the CEO saying, you know, Warren is the guy who asks those three questions. 13 times in the scene
- ▶ 27:23 Ted Seides There's a degree to which Warren says they're underwriting at a premium. 5 times in the scene
- ▶ 40:52 Ted Seides For a long period of time, Warren has talked about just the law of large numbers, and there shouldn't be an expectation that they can compound book value or intrinsic value at the same level they did in the past, and this seems like it's a… 3 times in the scene
Andrew Tsai – Catching a Theme on the Chalkstream (EP.73)
- ▶ 57:09 Ted Seides So you start talking about Buffett and people, which is true, but there's also a, hey, own US equities and long term compound and be patient in that way.
James Aitken – Macro Strategist Extraordinaire (Capital Allocators, EP.58)
- ▶ 1:19:10 Ted Seides You know, you mentioned that Warren Buffett has an empty calendar. 2 times in the scene
Paul Black - Gratitude, Fun, and Growth Stocks (Capital Allocators, EP.51)
- ▶ 18:51 Ted Seides Buffett talked about brands when he went from being sort of a classic Ben Graham investor to a Phil Fisher investor.
Steven Galbraith – In the Boardroom (Capital Allocators, EP.48)
- ▶ 20:07 Ted Seides I think I'd be remiss, you know, you mentioned a conversation we had with Warren Buffett about the Tufts endowment. 9 times in the scene
It's Not About the Money (Capital Allocators, EP.45)
- ▶ 28:23 Ted Seides You know, I ended up, as you know, making a, sort of a public bet with Warren Buffett that I, I didn't realize how public it would be.
Rick Selvala - Harvesting Volatility (Capital Allocators, EP.41)
- ▶ 22:13 Ted Seides Warren Buffett and Berkshire Hathaway, right, who coined derivatives as weapons of financial mass destruction, and around that same time, around the financial crisis, he sold long-dated puts, I guess, on the S&P. 6 times in the scene
Bill Spitz – Seasoned Commodore (Capital Allocators, EP.37)
- ▶ 41:41 Ted Seides There's a gentleman in Omaha that says, just buy the S&P, 500, everything will be fine.
Michael Mauboussin – Active Challenges, Rational Decisions and Team Dynamics (Capital Allocators, EP.36)
- ▶ 19:28 Ted Seides And the academic data, what you read, what Warren Buffett says, all lends itself to, by and large, active managers underperform.
- ▶ 1:03:06 Ted Seides At a simple level, you know, our friend Warren Buffett will come out and say, oh, just index. 3 times in the scene
Margaret Chen – Leadership and Outsourcing the Investment Office (Capital Allocators, EP.35)
- ▶ 30:38 Ted Seides And if you dig in, so I, you know, I've scratched my head on this probably more than most people have because of the, what's happened over the last 10 years, but Warren Buffett says U.S. is just fine.
Deep Dive into Hedge Funds (Capital Allocators, EP.34)
- ▶ 5:12 Ted Seides For the first, I asked him to interview me about the Buffett bet.
Meredith Jenkins – A Path to Trinity (Capital Allocators, EP.31)
- ▶ 49:00 Ted Seides You are betting against Warren Buffett. 2 times in the scene
Scott Malpass – The Fighting Irish's Twelfth Man (Capital Allocators, EP.25)
- ▶ 58:47 Ted Seides There's a degree to which, as I'm sitting here listening to you, it's just, it almost feels like in a different context when you're talking to Warren Buffett that you've been here so long and have done so many things right that you're in a…
Richard Lawrence – Compounding in Asia (Capital Allocators, EP.21)
- ▶ 40:44 Ted Seides But as an aside, you have people like Tom Russo, who I had on the show and Warren Buffett, who would tell you, if you have tomorrow's price today,
Thomas Russo – Buy and Hold...and Then What (Capital Allocators, EP.16)
- ▶ 5:20 Ted Seides Our conversation covers how Tom created an investment strategy by personalizing early lessons he learned from Warren Buffett,
- ▶ 32:59 Ted Seides There's an interesting parallel, both in what Warren Buffett does and, you know, my first mentor, Dave Swenson, where both have talked at times about a systematic bias to hold on, and maybe you hear Warren talk about Dexter Shoe Company… 4 times in the scene
- ▶ 37:54 Ted Seides The passive indexing trend, active managers, including Warren, have significantly underperformed.
- ▶ 42:29 Ted Seides Warren Buffett and Berkshire don't own a lot of the same names you do. 10 times in the scene
- ▶ 44:30 Ted Seides So I want to talk about a live case study of a name you and Warren have owned in common, which is Wells Fargo.
Mario Therrien – The Canadian Pension Model (Capital Allocators, EP.12)
- ▶ 25:16 Ted Seides Which is a very much a business owner mindset, complete, very Warren Buffett-like, very different from the asset allocation structure in a lot of pools of capital in the U.S.
Jeffrey Solomon – Vision, Tenacity, and Empathy (Capital Allocators, EP.09)
- ▶ 27:53 Ted Seides Or it sounds like it's more like a, hey, Warren Buffett model.
Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
- ▶ 24:13 Ted Seides And now we know the story, my friend Warren Buffett's told it ad nauseum this year that nobody really cared. 4 times in the scene
- ▶ 35:31 Ted Seides So I want to take that lens and apply it to some of your thoughts on active investing, and the reason is that as opposed to some of the other luminaries that are talking about the difference between active and passive, Jack Bogle, even…
The Bet with Buffett (Capital Allocators, EP.05)
- ▶ 4:37 Ted Seides As you probably know, about nine and a half years ago, I made a bet with a certain oracle in Omaha that pitted the performance of a group of five hedge fund funds against the S&P 3 times in the scene
- ▶ 11:44 Ted Seides So it started, I didn't know exactly what he had said, so I wrote him a letter that said, hey, I heard you suggested this, and I 6 times in the scene
- ▶ 14:52 Ted Seides This is only going to be good for us to be associated with Warren, and that made a lot of sense. 10 times in the scene
- ▶ 17:55 Ted Seides I, I think it's really important to make the, to, to reassert the point that Warren made in his letter, which is fees are high for hedge funds. 3 times in the scene
- ▶ 27:00 Ted Seides So the audience that Warren is playing to, that Jack Bogle is playing to, 2 times in the scene
- ▶ 50:03 Ted Seides If I were changing it, and let's keep in mind that this started as Warren saying hedge funds can't beat the S&P, and I said, okay, I'll, I'll make that bet.
- ▶ 54:15 Ted Seides So in this exact same period of time has been probably the only period in Warren's history where Berkshire Hathaway, for the most part, has underperformed the S&P 500 for a prolonged period of time. 6 times in the scene
- ▶ 58:43 Ted Seides I have had the great fortune of a consistent stream of the least expensive dinners with Warren and Ted Weschler and Todd Combs that's just been so fun. 2 times in the scene
- ▶ 1:03:41 Ted Seides So the first is very Buffett-like. 3 times in the scene
- ▶ 1:13:29 Ted Seides I called Warren one day and said, oh, by the way, do you remember what we did with the collateral?
André Perold – Academic Practitioner (Capital Allocators, EP.02)
- ▶ 21:05 Ted Seides So a lot of people, if you think about how Warren Buffett might talk about risk, the time horizon 2 times in the scene