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Podcast: Excess Returns
Episode: Lessons From Warren Buffett's 2021 Annual Letter
Description: In this episode, we discuss the major points Warren Buffett covered in his 2021 annual letter and talk about some lessons investors can learn from them.Â
We discuss:Â
- the importance of recognizing mistakes and learning from them
- why operating earnings are a better measure of Berkshire's business than GAAP earnings
- the evolution of Buffett's investment approach over time
- why Berkshire's approach differs from most other conglomerates
We hope you enjoy the discussion.
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Excess Returns is an investing po...