INVESTOR IN THE FAMILY Radio
About This Show
The average DIY investor has annual returns of 2.9%. Don't be that guy. Learn to invest with Investor in the Family through our community, training, and education.
This podcast exists to help you learn to invest. Whether you've been in the market for years or are just beginning to dip your toes in the water.
Our show features interviews with seasoned, professional veterans with the goal of providing an enjoyable and tangible learning opportunity for all of our listeners.
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Most Recent Episode
149 - How To Obtain Stable And Substantial Earnings (1967 Letter)
4 days ago
Welcome to Episode 3 of the "Becoming Buffett" Series! This week we discuss the 1967 letter to Berkshire Hathaway shareholders. Some brief notes: “Our goal is to obtain a reasonably stable and substantial level of earning power commensurate with the capital employed in the business.” Negative: Sales were down, sharp drop in prices, sales and profits down substantially, depressed conditions in textile markets, curtailed production 15% Positive: one sector doing well due to “attempting to establish product lines away from areas of direct competition” P8, para1: spending money internally for the purpose of future increased cash flows P8, para4: conducted research and made tough decision to close a quality plant that had lack of demand for product What are we a slave to financially? Your job? What do you need to cut and stop throwing money into? P8, para7: broader investment philosophy (insurance companies) You can have time as an investor if you are focused on the long-term This was BH’s first move toward diversification: textiles and insurance This was a slow process, could you research and add one company per year to your BH? As you acquire more capital, where will you allocate it? P9, para2: mgmt continues to be alert to new opportunities for capital allocation They
Rated 5 out of
Top quality guests, Easy to understand
That's our goal, we want to help you learn to invest in a way that is fun and practical. Welcome to the family!
Date published: 2015-10-28