Buffett's Early Investments by Brett Gardner w/ Clay Finck (TIP682)

Clay reviews Brett Gardner’s new book, Buffett’s Early Investments.

Brett is an Analyst at Discerene Group LP, a private investment partnership that invests globally with a long-term value philosophy. He shares our enthusiasm for Warren Buffett.

From 1957 to 1969, Buffett compounded his investors’ capital at 23.8% net of fees, compared to the Dow Jones's 7.4%.

IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:00:33 - Factors to Buffett’s Outperformance
0:04:37 - Philadelphia and Reading Case Study
0:13:48 - P&R Acquisition Strategy
0:18:15 - P&R’s ties to Berkshire Hathaway
0:19:31 - Buffett’s Partnership Years
0:22:02 - Disney Case Study
0:30:36 - Disneyland
0:35:08 - Governance Issues
0:40:22 - Why Buffett sold Disney
0:42:10 - American Express Case Study
0:43:26 - Salad Oil Scandal
0:44:57 - American Express business overview
1:01:05 - Buffett buying shares in Amex
1:05:00 - Outro

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📖 BOOK MENTIONED:
Quality Shareholders by Lawrence Cunningham: https://amzn.to/3COwGsx

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On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.

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