TIP443: Buffett's Biggest Blunders w/ David Kass

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By Stig Brodersen and The Investor's Podcast Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

IN THIS EPISODE, YOU'LL LEARN:

  • 09:47 - The story of how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake.
  • 15:04 - How he could have made hundreds of billions more had he simply invested in insurance.
  • 20:49 - His position in Conocophillips that resulted in a loss and how even through all of that, 1 single dollar invested with Buffett in 1965 would now be worth $3.65M
  • 23:00 - Why buying Dexter Shoes was, in Buffett's words, the worst purchase he ever made.
  • 30:42- How he missed out on Google, Amazon, and others
  • 41:29 - His overpayment for Precision Castparts.
  • And a whole lot more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES:

  • David’s Blog on Warren Buffett
  • David Kass Twitter.
  • Supermoney Book.
  • Trey Lockerbie Twitter.
  • Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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593 episodes