1758 FBF: Charlie Munger: The Complete Investor, Value Investing with Tren Griffin
Today's Flash Back Friday is from episode 583 with Tren Griffin originally published last October 19, 2015.
Tren Griffin doesn\u2019t know the current stock price of Berkshire Hathaway and says Warren Buffett probably doesn\u2019t either. Day-to-day ups and downs in the market don\u2019t affect feasible, long-term investments. Value investing, traditionally known as buy and hold investing, approaches investing differently than most low fee indexes. It encourages rational thinking, interest based buying and finding the price mistakes in the market.\xa0
Key Takeaways:
Jason\u2019s Editorial:
[1:45] Orlando Property Tour & Creating Wealth Seminar coming up
[3:20] What I like about Warren Buffett
[4:52] Know this about the properties on our site
[10:00] The Walmart documentary example
[14:37] Every company has 3 primary audiences - suppliers, stakeholders & customers
[16:26] Send me an email with good quality sitcoms!
[18:32] Meet the Masters - Early bird pricing available now!
[18:56] Dubai in February with the Venture Alliance
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Tren Griffin Guest Interview:
[20:00] Why write about Charlie Munger
[21:22] 4 principles of value investing
[24:11] Munger philosophy of decision-making
[25:53] 25iq
[27:00] The key to investing is to find a mistake - FOMO
[32:06] Markets are difficult to predict in the short term
[34:03] Aligning investments with interests
[36:18] Are you willing to do the work required by value investing
[38:04] The circle of confidence - become a specialist in one area
[40:16] Munger/Buffett fundamental - Get Rich Slow
[44:40] Berkshire stock never splits
[46:38] Following Tren
[48:29] You can have a life when you are a value investor
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Mentions:
Charlie Munger: The Complete Investor
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