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Submit ReviewOn today’s episode, Kyle Grieve discusses an underrated book called “Warren Buffett’s Ground Rules” by Jeremy Miller, he’ll discuss how to avoid being taken advantage of by Mr. Market, how to maximize the effects of compounding, how Warren thinks about tracking investment performance, how Buffett aligned himself with his partners, why contrarianism is such a good trait in investing, the challenged of scaling capital and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:34 - How to think about the time lag between a businesses changing fundamentals and its market price
10:30 - The story that taught Warren Buffett about the magic of compounding
15:07 - Why avoiding frictional costs is so crucial to maximizing your ability to compound your money
35:25 - The five characteristics to avoid if you want to outperform the market
36:15 - The four investing buckets that Buffett invested in
40:04 - Warren's strategies for investing in generals, merger arbitrage, and controls
41:04 - Contrasting contrarianism and conservatism in investing and how to leverage it to make better investments
55:00 - Warren's early thoughts on concentration and diversification
59:28 - The two primary reasons scaling up capital can erode investment returns
1:03:24 - The importance of sticking to your investing principles and not dropping them just because other people are succeeding in unsustainable ways
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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