Berkshire Hathaway Part I

“Alice Schroeder and her wonderful book, The Snowball, which I at least used as my main source for this episode.”

“The way that it's described in Lowenstein's book is that what was unique and remarkable about the Great Depression was that even the smart money got wiped out.”

“Warren reads this book and learns about a scheme involving penny weighing machines, which leads him to understand the concept of compounding money.”

“'Security Analysis' was published in 1934 and is described as a textbook that is super thick and dense, not meant to be readable.”

“The mention of 'The Intelligent Investor' indicates it was not a typical investment for the Graham Newman partnership, suggesting its significance in value investing.”

“Graham's strategy involved looking for companies that were 'worth more dead than alive', which he wrote an article about.”

“The speaker mentions trying to read 'Moby Dick' and finding it difficult, describing it as the most difficult book they've ever tried to read.”

“Will Thorndyke, author of The Outsiders, came on our book club. They did some awesome analysis in a paper called On the nature of long-term holds.”

“The book 'Transitions' by William Bridges is about psychologically dealing with transitions in life, whether good or bad, emphasizing the need for the old self to die for the new self to emerge.”

“A quote from Mike Moritz's book 'Leading' with Sir Alex Ferguson emphasizes the importance of eliminating distractions and focusing on what matters.”

“Packy McCormick wrote a wonderful piece called Not Boring One Year In. I can't recommend reading it, and especially the narration and hearing it in his voice enough.”