Berkshire Hathaway, every mention
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Verbatim, from the transcripts: the passages where Berkshire Hathaway comes up
How Henry Singleton Worked
- ▶ 16:11 David Senra So it says many of the distinctive tenants of Warren Buffett's unique approach to managing Berkshire Hathaway were first employed by Singleton at Teledyne.
- ▶ 43:56 David Senra So it says, uh, sharing Buffett's admiration for Henry Singleton, Charlie wondered, I think this is at one of the Berkshire meetings, given the man's talent and record, have we learned enough from him?
400 Pages of Warren Buffett and Charlie Munger In Their Own Words
- ▶ 0:00 David Senra So the book that I want to talk to you about today is Buffett and Munger Unscripted, Three Decades of Investment and Business Insights from the Berkshire Hathaway Annual Shareholder Meetings. 2 times in the scene
- ▶ 19:28 David Senra Berkshire has a substantial shareholder whose father accumulated the original position, and when he died, he left a very large estate. 2 times in the scene
- ▶ 31:01 David Senra And then Buffett talks about the importance of being able to trust your own judgment and really shouldn't really be asking other people's opinion or being paying attention to people when they're buying or selling your stock, or if you want…
- ▶ 39:26 David Senra So my friend Brent Beshore, uh, runs a company very similar to, in some ways to Berkshire.
- ▶ 40:51 David Senra Saying that if you're a shareholder in Berkshire, your returns in 99 years out of a hundred will probably be penalized by us being excessively conservative. 2 times in the scene
- ▶ 46:13 David Senra Ideally what he wants the managers of the Berkshire businesses to be doing, spending all their time, focus on what counts for the business and eliminates the distractions that often come in with coming with running a business.
- ▶ 1:16:43 David Senra And different from most of what we have at Berkshire.
Mr Beast's Leaked Memo
- ▶ 22:20 David Senra And it's bad effects is to develop through exercise of will a, a habit of welcoming bad news at Berkshire.
Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
- ▶ 0:08 David Senra The process requires us to return cash to our investors, and so after many years as shareholders in Berkshire, we have recently sold our shares. 3 times in the scene
- ▶ 16:45 David Senra At National Indemnity, which is an insurance subsidiary of Berkshire, the firm's ability to write insurance only when pricing is good and stand back when pricing is poor, even if revenues decline, is a wonderful example of capital…
- ▶ 34:38 David Senra And is deployed by companies which have now come to dominate Nomad, which is his holding in Costco, Dell, Amazon, and Berkshire.
- ▶ 45:28 David Senra I got Berkshire.
Nick & Zak’s Excellent Adventure: How Nick Sleep & Qais Zakaria Built Their Partnership
- ▶ 9:48 David Senra Together, they traveled to Omaha for Berkshire Hathaway's annual meeting.
- ▶ 23:01 David Senra Munger, the architect of Berkshire, an obvious solution to this was to buy and hold higher quality businesses that were most likely to continue compounding for many years.
- ▶ 38:18 David Senra Last week, Leeloo said, Berkshire, listen to this. 4 times in the scene
Li Lu and Charlie Munger and Warren Buffett
- ▶ 1:10 David Senra Even though Berkshire Hathaway has been such a success, there isn't any company on Wall Street that truly imitates it. 3 times in the scene
- ▶ 8:23 David Senra But if you think about it, if Munger and Buffett weren't so unique, how could they have built Berkshire's performance over 50 years into one that is unprecedented in the history of investing, and one that has yet to be replicated?
- ▶ 51:59 David Senra At Berkshire Hathaway, Warren and I raised the prices of seized candy, and of course, we invested in Coca-Cola, which had untapped pricing power.
- ▶ 58:22 David Senra Berkshire has had at least three times when the stock went down, 50%.
- ▶ 1:08:23 David Senra When Charlie died, uh, Buffett was writing about the fact that Charlie's the architect of Berkshire. 7 times in the scene
Rare Bernard Arnault Interview
- ▶ 32:03 David Senra At Berkshire Hathaway, Warren and I raised the prices of seized candy a little faster than others might have.
J. Paul Getty: The Richest Private Citizen in America
- ▶ 48:20 David Senra Remember what Charlie Munger said when he's analyzing the success of Berkshire Hathaway, looking back, he's like, oh, we really made the money out of the high quality businesses.
How To Sell Like Steve Jobs
- ▶ 24:59 David Senra In fact, I went back when I, when I was thinking about the section, I went back in on YouTube and was just watching a bunch of like Charlie Munger zingers at the Berkshire annual meeting.
The Biography of Walt Disney
- ▶ 1:41:02 David Senra Henry Singleton's ideas show up in how Warren Buffett built Berkshire. 2 times in the scene
The Biography of George Lucas
- ▶ 0:53 David Senra Ideas showing up in how Warren Buffett and Charlie Munger built Berkshire Hathaway.
- ▶ 1:53:02 David Senra He said it to, uh, in like one of the Berkshire meetings that to study Les Schwab had one of the most, uh, one of the smartest, uh, financial incentive structures or any company that, that Charlie Munger had come across.
Napoleon's Maxims and Strategy
- ▶ 21:27 David Senra He told an advantage, an example of having advantage of the fact that, that Berkshire always had a ton of cash.
Oprah In Her Own Words
- ▶ 40:28 David Senra Henry Singleton is, had a huge influence on both Warren Buffett and Charlie Munger and the way they built Berkshire.
The Autobiography of Christian Dior
- ▶ 51:23 David Senra He said it to, uh, in like one of the Berkshire meetings that to study Les Schwab had one of the most, uh, one of the smartest, uh, financial incentive structures or any company that, that Charlie Munger had come across.
Les Schwab (Charlie Munger recommended this book)
- ▶ 1:00 David Senra And he said it at the Berkshire annual meeting.
- ▶ 25:05 David Senra I'm sure you already know this, but just in case you don't, if you read Warren Buffett's shareholder letters, he talks about executive compensation a lot that the fact is the individual businesses that Berkshire owns, the person running… 3 times in the scene
- ▶ 1:27:56 David Senra He said it to, uh, in like one of the Berkshire meetings that to study Les Schwab had one of the most, uh, one of the smartest, uh, financial incentive structures or any company that, that Charlie Munger had come across.
Charlie Munger (the NEW Poor Charlie's Almanack)
- ▶ 1:53 David Senra Although Charlie didn't invent the concept of compounding growth, his success and that of Berkshire Hathaway is a testament to its existence.
- ▶ 23:20 David Senra Charlie's eventually going to close down them and then they're going to team up and do Berkshire.
- ▶ 48:49 David Senra Berkshire Hathaway was their largest shareholder.
- ▶ 59:13 David Senra If you look at Berkshire Hathaway and all of its accumulated billions, the top 10 insights account for most of it.
- ▶ 1:08:29 David Senra Look at, look at Bershaw Hathaway.
- ▶ 1:16:06 David Senra He's like, listen, Berkshire put up the greatest long-term investment record in the history of civilization, right? 2 times in the scene
- ▶ 1:19:40 David Senra Uh, I think actually embedded in the story is really great advice, and he calls the story the Persian Messenger Syndrome, and it's very common, he's observed it multiple times, that leaders of companies, as they get more successful, they… 3 times in the scene
- ▶ 1:46:50 David Senra He said it to, uh, in like one of the Berkshire meetings.
Tom Murphy (Warren Buffett's Favorite Manager)
- ▶ 8:34 David Senra I'm going to pause in the middle of that sentence actually, because when I got to that section, it made me think of something I read in Burke and, um, Warren's Berkshire shareholder letters, where he says the behavior of pure companies…
- ▶ 33:58 David Senra I think they sell it at the Berkshire, um, annual meeting every year as well.
The Autobiography of Ted Turner
- ▶ 1:16:18 David Senra He said it to, uh, in like one of the Berkshire meetings that to study Les Schwab had one of the most, uh, one of the smartest, uh, financial incentive structures or any company that, that Charlie Munger had come across.
Walt Disney and Picasso
- ▶ 8:25 David Senra And I read it because Charlie Munger kept bringing it up in, like, the Berkshire meetings.
Rose Blumkin (Warren Buffett's Favorite Founder)
- ▶ 2:51 David Senra That was an excerpt from the short biography of Rose Blumpkin that I found in the book that I'm going to talk to you about today, which is The Women of Berkshire Hathaway, Lessons from Warren Buffett's Female CEOs and Directors, and is… 3 times in the scene
- ▶ 17:21 David Senra As his mother, and I think long after she passed away, he was still, I just saw him in the, I was reading through all my highlights in Berkshire, uh, in Warren's shareholder letters, and as of like, 92, when Louis was like 92, he's still…
- ▶ 21:23 David Senra Warren Buffett said during the opening remarks at the nineteen-ninety-three Berkshire Hathaway annual meeting, I'd like to introduce Berkshire's managers, except Mrs. 2 times in the scene
Yvon Chouinard (Founder of Patagonia)
- ▶ 53:39 David Senra That reminded me of what Charlie said, uh, when I had, Charlie Munger said when, uh, I had dinner with him, said that him and Warren and Berkshire in general had made a ton of money because they always had cash and they could act fast.
I had dinner with Charlie Munger
- ▶ 3:12 David Senra Warren Buffett said, Charlie's most important architectural feat was the design of today's Berkshire. 3 times in the scene
- ▶ 8:11 David Senra This is way before Berkshire.
- ▶ 13:14 David Senra Charlie as a lawyer thought the lawsuit would be resolved in favor of blue chip, which it was Charlie through his partnership and Warren through Berkshire eventually took control of the company and Charlie became its chairman. 2 times in the scene
- ▶ 14:50 David Senra Charlie's most important architectural feat was the design of today's Berkshire.
- ▶ 18:08 David Senra In 1979, Charlie became Berkshire Hathaway's first vice chairman. 3 times in the scene
- ▶ 19:36 David Senra And that was the end of the introduction of the book that I'm going to talk to you about today, and the one I've read for the second time now, The Tao, or maybe, actually, maybe three or four times, uh, The Tao of Charlie Munger, a… 4 times in the scene
- ▶ 22:39 David Senra And then David gives us an example of Berkshire's decision to invest in Coca-Cola. 3 times in the scene
- ▶ 30:13 David Senra At the end of 2022, Berkshire held ninety two billion dollars of treasury bills.
- ▶ 39:29 David Senra Different deals or businesses or ideas they came across as they built, you know, Berkshire over the last, what is that?
- ▶ 48:39 David Senra Uh, the one thing that all of Berkshire's businesses have in common is that they are managed by people who are willing to go to great lengths to keep costs low. 2 times in the scene
- ▶ 50:06 David Senra Learning that changed Berkshire.
- ▶ 51:57 David Senra Berkshire bought 90% of the company from her when she was 89 years old, and she stayed on managing, managing it with her sons. 4 times in the scene
- ▶ 54:09 David Senra So Berkshire bought 80% of the company in 2006 for four billion and then purchased the final 20% in 2013 for two billion, which shows that it was a better business in 2013 than it was in 2006.
- ▶ 1:13:02 David Senra The corporate culture at Berkshire is that if you can't trust someone, you really shouldn't be doing business with him or her.
The Biography of Napoleon
- ▶ 44:12 David Senra And one way that tiny has been described is that they're building the Berkshire of the internet. 8 times in the scene
The Making of McDonald's: The Biography of Ray Kroc
- ▶ 52:58 David Senra And one way that tiny has been described is that they're building the Berkshire of the internet. 6 times in the scene
The Invisible Billionaire: Daniel Ludwig
- ▶ 47:24 David Senra And one way that tiny has been described is that they're building the Berkshire of the internet. 6 times in the scene
David Packard (Founder of HP)
- ▶ 47:46 David Senra And one way that Tiny has been described is that they're building the Berkshire of the internet. 7 times in the scene
The Biography of Bill Gates
- ▶ 48:03 David Senra And one way that tiny has been described is that they're building the Berkshire of the internet. 5 times in the scene
Warren Buffett & Charlie Munger In Their Own Words
- ▶ 5:07 David Senra Buffett says, at Berkshire, we don't have any meetings or committees, and I can think of no better, no way to become, no better way to become more intelligent than sit down and read.
- ▶ 17:27 David Senra Berkshire was a small business at one time. 2 times in the scene
- ▶ 26:35 David Senra This is to all of the, the CEOs and the managers of all the subsidiaries in Berkshire.
- ▶ 39:35 David Senra We will never allow Berkshire to become some monolith that is overrun with committees, budget presentations, and multiple layers of management. 2 times in the scene
- ▶ 55:23 David Senra Our acquisition technique at Berkshire is simplicity itself.
- ▶ 1:04:21 David Senra Eddie Bennett, who was a bat boy, his idea for how I run Berkshire. 6 times in the scene
The Autobiography of Andrew Carnegie
- ▶ 3:01 David Senra Rockefeller, Carnegie, Frick, uh, Henry Ford, the managers of all the Berkshire businesses, they are obsessed with keeping their costs low.
What I Learned Before I Sold to Warren Buffett
- ▶ 0:14 David Senra Buffett listened patiently to the woman who, as it turned out, was a shareholder of Berkshire Hathaway. 4 times in the scene
- ▶ 3:41 David Senra I had purchased four shares of Berkshire Hathaway stock in 1989 just so I could attend Berkshire's annual meetings and pick up some of Buffett's wisdom. 6 times in the scene
- ▶ 9:09 David Senra Managers of Berkshire subsidiaries run their own shows.
- ▶ 52:06 David Senra And he ends this chapter with one of my favorite Charlie Morgan quotes, where Charlie's really talking about the role that he played with Buffett in Berkshire.
Paul Graham's Essays
- ▶ 28:42 David Senra Uh, he talks about the difference of, like, the financial security and, like, fortress that Berkshire has built, uh, how it's so different to most other people, and it allows him to, quote, we play offense while others scramble for…