Chapter
Using Other People's Money to Invest: Graham Newman's Strategy
46:21 - 51:38 (05:17)
Graham Newman, the partnership of Benjamin Graham, used money from one business to buy more profitable businesses. Instead of being a stockbroker, Newman invested other people's money and his own in partnerships, pitching the strategy as a smarter alternative.
Clips
The speaker talks about the personal conflict of interest faced by stockbrokers, where what is good for them might not be good for their customers.
46:21 - 47:46 (01:25)
Summary
The speaker talks about the personal conflict of interest faced by stockbrokers, where what is good for them might not be good for their customers.
ChapterUsing Other People's Money to Invest: Graham Newman's Strategy
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
In this episode, Warren Buffett recounts how Graham Newman used money from one business to buy a more profitable one, driven by his unwavering belief in his self when it came to business.
47:46 - 49:48 (02:02)
Summary
In this episode, Warren Buffett recounts how Graham Newman used money from one business to buy a more profitable one, driven by his unwavering belief in his self when it came to business. Warren also talks about how he finally landed a job working for his idol, Graham Newman.
ChapterUsing Other People's Money to Invest: Graham Newman's Strategy
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
Ben Graham's investment strategy was so easily replicated that people would just copy it and end up making him less money over time.
49:48 - 51:38 (01:50)
Summary
Ben Graham's investment strategy was so easily replicated that people would just copy it and end up making him less money over time. He had to pitch people on why they should give him money to invest instead of just being a stockbroker, which led him to start his own partnerships to invest other people’s money.