Warren Buffett's Worst Trade Ever | Trung Phan
James AltucherJanuary 02, 202401:14:22

Warren Buffett's Worst Trade Ever | Trung Phan

Trung Phan returns to the show for a third time to discuss Warren Buffett’s $18 billion miss on Disney (https://trungphan.substack.com/p/buffetts-18b-miss-on-disney) - twice!


He and James discuss the 92-year-old’s growth investment strategies focused on long-term stakes, reducing risk profiles, and increasing margins decade-over-decade.


Additional topics include:

• Warren Buffett's 1966 Meeting with Walt Disney (03:56)
• How Warren Buffet became CEO of Berkshire Hathaway (13:50)
• Warren Buffett's relationships with Michael Eisner and Bob Iger (20:00)
• Buffett's willingness to invest in a company "late" (30:24)
• How did Buffett's investment style change over the decades? (40:20)
• The story of Rose Blumkin and the Nebraska Furniture Mart (https://web.archive.org/web/20170203022037/http://www.nytimes.com/1998/08/13/business/rose-blumkin-retail-queen-dies-at-104.html) (45:50)
• James' trading strategy to piggyback Berkshire Hathaway's positions (52:42)

(Editor’s note: Topic times don’t account for sponsor ads and may appear a few minutes later in the episode on your podcast player)


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• Visit Notepd.com (https://notepd.com/)  to read our idea lists & sign up to create your own!
• My new book, Skip the Line (https://www.amazon.com/Skip-Line-Experiments-Surprising-Reaching/dp/0062998927) , is out! Make sure you get a copy wherever books are sold!
• Join the You Should Run for President 2.0 (https://www.facebook.com/groups/president2.0)  Facebook Group, where we discuss why you should run for President.
• I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com (https://jamesaltuchershow.com/)

------------


Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts: 

• Apple Podcasts (https://itunes.apple.com/us/podcast/the-james-altucher-show/id794030859?mt=2)
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