Alejandro Salcedo and I discuss five Berkshire Hathaway companies and the lessons we have learned about these subsidiaries.
Warren Buffett remains one of the best investors of all time not only because he invested successfully over decades, but because he has the humility to admit his mistakes and he endeavors to learn from them.
At a high level, Alejandro and I discuss some of the lessons learned about See’s Candies, Dexter Shoe, Fruit of the Loom, Nebraska Furniture Mart, and GEICO. We point out some of the enduring competitive advantages of some of these businesses, and also what some of the pitfalls might have been in some of them.
As Charlie Munger says, you always want to invert the pro argument so that you understand as much as possible the risks associated with any given investment. By understanding the reasons as to why something might not be a good investment, we can make better decisions.
If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.
I look forward to making more investor friends! Add me on Instagram: michellemarki