205- Warren Buffetts Annual Letter
b'For show notes and more information visit investedpodcast.com. \\xa0\\nThis week Phil and Danielle talk about why Charlie Munger is so bitter about missing out on a stock purchase in the 1970s. Phil talks about what he calls \\u201cMistakes of Omission\\u201d.\\xa0\\nPhil also talks about why it\\u2019s extremely hard to find a company that\\u2019s on sale right now. He\\u2019s not alone in this. Warren Buffett shares in his annual letter that he\\u2019d love to buy a huge company, but that nothing is priced on sale right now. It\\u2019s also hard to find companies in the private market as well.\\nWe\\u2019re given the opportunity at the end of a bull market run. Right now it\\u2019s a blessing that the market hasn\\u2019t crashed because there are so many companies that you haven\\u2019t researched. This means you should be out there, researching all of the great companies that you can, and building your watchlist.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'