TIP482: How Warren Buffett Became the Greatest Investor to Ever Live (Part 1)

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>00:08:46 - Who the key figures were in Buffett’s development as an investor.</li><li>00:09:58 - Benjamin Graham’s definition of an investment.</li><li>00:10:21 - What it means to invest with a margin of safety.</li><li>00:22:23 - What cigar butt companies are and how they made Warren a fortune.</li><li>00:28:59 - How Charlie Munger helped shape Warren’s investment approach.</li><li>00:44:29 - Why Buffett loved the insurance business.</li><li>00:45:57 - How Warren Buffett’s investment partnership achieved a 31% annual return without a single losing year.&nbsp;</li><li>00:49:40 - Why buying a candy company was a critical moment in Buffett’s investment career.</li></ul><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Alice Schroeder’s book –&nbsp;<a href="https://www.amazon.com/The-Snowball-Alice-Schroeder-audiobook/dp/B001GSJSC6?crid=1ONUHCL36VWBN&amp;keywords=the+snowball&amp;qid=1663959176&amp;sprefix=the+snowbal%2Caps%2C496&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=cbf8ca52b76de1fdaf7fddb4ae1afbd7&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Snowball</strong></a><strong>.</strong></li><li>Robert Hagstrom’s book –&nbsp;<a href="https://www.amazon.com/The-Warren-Buffett-Way-audiobook/dp/B00FBFSJ0M?keywords=the+warren+buffett+way&amp;qid=1663959195&amp;s=audible&amp;sprefix=the+warren+buff%2Caudible%2C148&amp;sr=1-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=08f9bcd799e6ac0a54cadaa6aa73eccc&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>The Warren Buffett Way</strong></a><strong>.</strong></li></ul><p><br></p><p><strong>NEW TO THE SHOW?</strong></p><ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank"><stron