Chapter
Warren Buffett's Investment in Disney
51:38 - 58:54 (07:16)
Warren Buffett purchased stock in Disney after being impressed by Walt Disney's passion for his work and the value of the company's entertainment catalog.
Clips
Warren Buffett shares a lesson from his friend Charlie Munger, who decided to sell himself an hour of his work each day, recognizing that he was his own most valuable client.
51:38 - 52:44 (01:06)
Summary
Warren Buffett shares a lesson from his friend Charlie Munger, who decided to sell himself an hour of his work each day, recognizing that he was his own most valuable client. By investing in himself, Munger was able to increase his own value and success in his career.
ChapterWarren Buffett's Investment in Disney
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
Charlie Munger and Warren Buffet wanted wealth for financial independence, not for material possessions or to compete with others.
52:44 - 53:52 (01:08)
Summary
Charlie Munger and Warren Buffet wanted wealth for financial independence, not for material possessions or to compete with others. They respected authentic achievement and valued their time, which meant prioritizing opportunities and letting go of others.
ChapterWarren Buffett's Investment in Disney
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
Warren Buffett's early investment strategy involved buying "cigar butt" companies that were undervalued and had one last puff left.
53:52 - 56:42 (02:50)
Summary
Warren Buffett's early investment strategy involved buying "cigar butt" companies that were undervalued and had one last puff left. Later, after meeting Walt Disney, he realized the value of investing in great businesses.
ChapterWarren Buffett's Investment in Disney
Episode#100 The Snowball: Warren Buffett and the Business of Life
PodcastFounders
Ben shares his experience of bargaining for cheaper toilet paper and how he used his tactics in other parts of his business.
56:42 - 58:54 (02:12)
Summary
Ben shares his experience of bargaining for cheaper toilet paper and how he used his tactics in other parts of his business.