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Founders: #380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

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For over 30 years the Berkshire Hathaway Annual meetings were recorded. Munger and Buffett answered over 1700 questions from shareholders during that period. Alex Morris watched hundreds of hours of these meetings and then he gathered, organized, and edited the most interesting ideas into 450+ pages — all in Buffett and Munger's own words. I thought it would be fun to rip through a bunch of Munger and Buffett's best ideas very rapidly. It was. This episode is what I learned from reading Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Shareholder Meetings by Alex Morris. ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financial operations —all on a single platform. Make history's greatest entrepreneurs proud by going to Ramp and learning how they can help your business control your costs and save more. ---- Vesto: All of your company's financial accounts in one view. Connect and control all of your business bank accounts from one dashboard. Go to Vesto and schedule a demo with the founder Ben. Tell him David sent you. ---- Founders Notes gives you the ability to tap into the co

[00:00] David: I asked Charlie Munger what he thought of Jeff Bezos, and he told me that Bezos was ferociously intelligent. In this book, Buffett calls Bezos a miracle worker. And something that Bezos had in common with Munger and Buffett is from day one. In his very first shareholder letter, Jeff Bezos emphasized the importance of having the very best team. He wrote, setting the bar high in our approach to hiring has been and will continue to be the single most important element of Amazon's success. Big Bezos's focus on talent is just like this quote from Steve Jobs that happened in an…

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