Friday 5: Five Weekly Lessons from Bestselling Books, Essays, and Lectures
Outlier Academy
18 episodes
3 days ago
Every week, we share the 5 best ideas from one of history's greatest books, speeches, interviews, and lectures. Learn how to negotiate from Steve Jobs, how to build strategic momentum from Jim Collins, and mental toughness from Special Operations soldiers. Start learning from the best innovators, founders, and investors in history. Get every new episode delivered via email →
Start learning from iconic founders, renowned investors, and bestselling authors including Brian Scudamore (1-800-GOT-JUNK), Mark Sisson (Primal Kitchen), Carey Smith (Big Ass Fans), Scott Belsky (Benchmark & Adobe), Luke Gromen (The Forest for The Trees), and Verlyn Klinkenborg (Yale & The New Yorker).
Visit OutlierAcademy.com for episode notes, searchable transcripts, videos, and more.
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Every week, we share the 5 best ideas from one of history's greatest books, speeches, interviews, and lectures. Learn how to negotiate from Steve Jobs, how to build strategic momentum from Jim Collins, and mental toughness from Special Operations soldiers. Start learning from the best innovators, founders, and investors in history. Get every new episode delivered via email →
Start learning from iconic founders, renowned investors, and bestselling authors including Brian Scudamore (1-800-GOT-JUNK), Mark Sisson (Primal Kitchen), Carey Smith (Big Ass Fans), Scott Belsky (Benchmark & Adobe), Luke Gromen (The Forest for The Trees), and Verlyn Klinkenborg (Yale & The New Yorker).
Visit OutlierAcademy.com for episode notes, searchable transcripts, videos, and more.
Friday 5: Five Lessons on Investing from Warren Buffett and Charlie Munger
Friday 5: Five Weekly Lessons from Bestselling Books, Essays, and Lectures
22 minutes 42 seconds
1 year ago
Friday 5: Five Lessons on Investing from Warren Buffett and Charlie Munger
My favorite lessons on investing from Berkshire Hathaway's shareholder letters. All taken from "The Essays of Warren Buffett" by Lawrence Cunninghuman.
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Chapters
(00:00) Introduction
(03:01) Lesson 1: Seek to invest in businesses with excellent economics, able and honest management, at sensible prices. That’s the magic formula.
(07:29) Lesson 2: Don’t be afraid to let a few investments grow to represent a large portion of your portfolio. That’s inevitable if you do well.
(10:44) Lesson 3: Invest in companies you expect to be as competitive 20 years from now. The best investments compound over decades.
(13:52) Lesson 4: Forgot the growth versus value debate—they’re two sides of one coin. Look for durable value and profitable growth in companies.
(18:44) Lesson 5: Make Mr. Market your ally. Take advantage of his perpetual swings from euphoria to panic.
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Explore my full summary for the book featured this week.
The Essays of Warren Buffett: Warren's Ideas from 50+ Years Grouped by Topic
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Friday 5: Five Weekly Lessons from Bestselling Books, Essays, and Lectures
Every week, we share the 5 best ideas from one of history's greatest books, speeches, interviews, and lectures. Learn how to negotiate from Steve Jobs, how to build strategic momentum from Jim Collins, and mental toughness from Special Operations soldiers. Start learning from the best innovators, founders, and investors in history. Get every new episode delivered via email →
Start learning from iconic founders, renowned investors, and bestselling authors including Brian Scudamore (1-800-GOT-JUNK), Mark Sisson (Primal Kitchen), Carey Smith (Big Ass Fans), Scott Belsky (Benchmark & Adobe), Luke Gromen (The Forest for The Trees), and Verlyn Klinkenborg (Yale & The New Yorker).
Visit OutlierAcademy.com for episode notes, searchable transcripts, videos, and more.
