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Podcast: Australian Investors Podcast
Episode: Our top 10 doses of Warren Buffett wisdom
Description: Owen Rask is joined by Drew Meredith, CFP to reflect on Warren Buffett's latest Berkshire Hathaway (BRK) shareholder letter and share 10 pieces of Buffett's wisdom.5 of Owen's favourite Buffett ideas are as follows:
Buffett the teacher & the Orangutan effect. Teach a monkey and you'll be a better investor.
Closing the market for 5 years anchors you to valuation, not price.
"Favorable long-term prospects" and what it means. It doesn't mean themes or sectors. It means strong franchises.
Staying invested - Buffett has $US144 billion of cash! He's wanted to be 100% equities since the 1960s!
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