EXECUTIVE SUMMARY

Warren Buffett

 

In this episode Preston and Stig discusses the best-selling biography, by Roger Lowenstein. The episode is packed with funny anecdotes from Warren Buffett’s early career as a paper boy to his most successful investments and achievements. If you want to read our five page executive summary of, this book, Buffett: The Making of an American Capitalist, view this page instead. If you would like to download all of our book summaries, click here.

In this episode, you’ll learn:

  • How Warren Buffett already read financial statements when he was kid
  • Why Warren Buffett was sitting behind the counter at the local steakhouse collecting receipts, and how that lead to one of his best investments
  • How a gentleman that counted sheets of toilet paper convinced Warren Buffett to work with him
  • Why Warren Buffett never replaces management in the companies he acquirers
  • How Warren Buffett picked the CEO of Salomon Brothers in a simple, yet very orthodox way
  • Ask the Investors: How do you generate ideas for new stock investments?

Tweet your comments about this podcast episode directly to Preston and Stig and the rest of The Investor Podcast’s community using “#TIP64”


BOOKS AND RESOURCES MENTIONED IN THIS EPISODE

Roger Lowenstein’s book, Buffett: The Making of an American Capitalist – Read reviews of this book

Alice Schroeder’s book, The Snowball – Read reviews of this book

Discuss stocks with Preston and Stig at the WarrenBuffettForum.com

Google’s Free Stock Screener


VIDEOS THAT SUPPORT THIS PODCAST

Warren Buffett’s Testimony to Congress on Solomon Brothers


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  download-free-bookA lot of people ask us how we have time to read so many books. The truth is… we don’t! We listen to audiobooks. The beauty of audio books is you can knock-out two things at the same time. For example, driving, standing in line for your glamour shots at the mall, or just doing the dishes. All joking aside, reading a book every two weeks is probably the most profound element to our success in business. That's why we have worked hard with Amazon.com to get an exciting deal lined up for all the Investor's Podcast listeners. If you click on our exclusive link to Amazon's Audibles, you can download any free audio book straight onto your smartphone! If you don't like the service within 30 days, keep the free book and cancel the service. Amazon's Audibles has the largest listing of audio books in the world with over 180,000 titles. I personally use Audibles because it has the cheapest prices, the best reliability, and the largest selection of titles (You pick the books through Amazon.com). Making a commitment to read a new book each month is hands-down the most important investment you can make. - Preston & Stig

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Download Preston & Stig's free stock investing checklist. Their checklist was developed after spending countless hours studying billionaires like, Warren Buffett, Carl Icahn, and Ray Dalio. With their checklist, you can find safe picks that protect and grow your principal. Additionally, Preston & Stig read a lot of books and write executive summaries for each book they finish. If you download their checklist, you will be added to their monthly e-mail list where they send their book summaries. There are never any advertisements...ever. Here's an example of one of their executive summaries, based on the book written by Billionaire Charlies Koch.