Every quarter the Mastermind Group from The Investor’s Podcast gets together to discusses their latest investment ideas. In this episode, the group covered Warren Buffett’s letter to Shareholders.  Since Buffett’s shareholder letters are only released once a year, it’s exciting for many value investors to scour through his new thoughts and ideas.  This year, Buffett discusses ETFs and numerous other topics.

Throughout the discussion, the group has various takes on why Berkshire is holding such a large cash position while also cover the return they would expect to receive by owning Berkshire Stock today.  Later in the show, Preston talks about two critical lessons he learned from Bill Miller and Edward Thorp while discussing credit cycles.  In general, the group had a fun conversation about various value investing topics in the first quarter 2017.

In this episode, you’ll learn:

  • If Charlie Munger thinks it’s better to invest in China than the US
  • If Warren Buffett is winning his $1M cash bet against hedge funds
  • Why Warren Buffett’s is holding $86B in cash
  • Why index funds are mispricing individual stocks
  • Why Bill Miller thinks the stock market could easily go higher

Click here to Sign-up and attend the 2017 Berkshire Hathaway Shareholder’s Meeting with Preston, Toby, and Hari.

Tweet your comments about this episode directly to Preston, Stig, and the rest of The Investor’s Podcast Community using #TIPMoney.

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Books and Resources Mentioned in this Podcast

Hari’s Blog Post about Charlie Munger at BitsBusiness.com

Calin’s SEO Company: Inbound Interactive

Tobias’ Investing Site: The Acquires Multiple

Tobias’ Blog: GreenBackd.com

Tobias’ book, Deep Value – Read reviews of this book

Preston and Stig’s episode about the last Berkshire Hathaway Shareholder meeting

Sign up for the 2017 Berkshire Hathaway Meeting

Warren Buffett’s newest letter to his shareholders

Geoffrey G Parker’s book, Platform revolution  – Read reviews of this book



Download Preston and Stig's Free Checklist

Download Preston & Stig's free stock investing checklist. Their checklist was developed after spending countless hours studying billionaires like, Warren Buffett, Carl Icahn, and Ray Dalio. With their checklist, you can find safe picks that protect and grow your principal. Additionally, Preston & Stig read a lot of books and write executive summaries for each book they finish. If you download their checklist, you will be added to their monthly e-mail list where they send their book summaries. There are never any advertisements...ever. Here's an example of one of their executive summaries, based on the book written by Billionaire Charlies Koch.