Shows / Investing Legends
Investing Legends
Investing Legends is a long-form podcast dedicated to the thinking, principles, and decision-making frameworks of the world’s most respected investors.
Each episode explores the ideas of investors such as Warren Buffett, Charlie Munger, Howard Marks, Ray Dalio, Jim Simons, and Stanley Druckenmiller.
Hosted on Acast. See acast.com/privacy for more information.
Episodes
- Investing Legends
Berkshire Hathaway Shareholder Letters 1988
The 1988 letter is Warren Buffett’s most quotable demolition of academic finance — and the year Berkshire bought Coca-Cola. Buffett opens by warning that past…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1987
The 1987 letter is where Warren Buffett introduces the world to Mr. Market. Written months after the October crash, it lays out Ben Graham’s allegory of the…
- Investing Legends
Stan Druckenmiller: Macro, QE, Inflation, The Fed, Investing
Stanley Druckenmiller delivered a keynote in 2021. In this talk, the founder of Duquesne Family Office breaks down the macro consequences of COVID. He covers…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1986
In his 1986 letter to Berkshire Hathaway shareholders, Warren Buffett reports a 26.1% gain in net worth and then does something unusual: he grades himself…
- Investing Legends
Joel Greenblatt & Howard Marks discuss Value Investing
Joel Greenblatt sits down with Howard Marks at Columbia for a conversation about special situations, margin of safety, and why the goal is to find the easier…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1985
In his 1985 letter to Berkshire Hathaway shareholders, Warren Buffett reports a 48.2% gain in net worth and immediately warns that it will never happen again —…
- Investing Legends
Berkshire Hathaway Annual Meeting 1996 Part 2 Afternoon Session
Warren Buffett and Charlie Munger take the afternoon shareholder questions at the 1996 Berkshire Hathaway annual meeting, covering concentration versus…
- Investing Legends
Berkshire Hathaway Annual Meeting 1996 Part 1 Morning Session
Warren Buffett and Charlie Munger open the 1996 Berkshire Hathaway annual meeting with the vote to create the Class B shares, explaining why the unit trusts…
- Investing Legends
Berkshire Hathaway Annual Meeting 1995 Part 2 Afternoon Session
Chapters below. Warren Buffett and Charlie Munger take shareholder questions at the 1995 Berkshire Hathaway annual meeting, covering intrinsic value, capital…
- Investing Legends
Berkshire Hathaway Annual Meeting 1995 Part 1, Morning Session
Chapters below. Warren Buffett and Charlie Munger open the 1995 Berkshire Hathaway annual meeting with the vote to authorize preferred stock, then take…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1984
In his 1984 letter to Berkshire Hathaway shareholders, Warren Buffett admits that the company's historic 22% returns are "just that — history." He then…
- Investing Legends
Berkshire Hathaway Annual Meeting 1994
Chapters see below. Warren Buffett and Charlie Munger take shareholder questions at the 1994 Berkshire Hathaway annual meeting, covering intrinsic value…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1983 (Appendix) Goodwill and its Amortization: The Rules and The Realities
A special deep-dive from Warren Buffett's 1983 Berkshire Hathaway annual report: his famous appendix on Goodwill. Using See's Candies as the real-world…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1983
Warren Buffett's 1983 Berkshire Hathaway shareholder letter is one of the richest in the series. He lays out his famous "Owner-Related Business Principles" —…
- Investing Legends
Stan Druckenmiller: The Market as an Economic Predictor
Stanley Druckenmiller talks with John Collison about inflation, bear markets, and why he thinks the odds of a soft landing are remote. He explains the two…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1982
Warren Buffett's 1982 Berkshire Hathaway shareholder letter introduces one of his most important ideas: the difference between "accounting earnings" and…
- Investing Legends
Ray Dalio - The Principles for Investing and Economics
Ray Dalio walks through the economic and investment principles behind Bridgewater, laying out how he thinks debt cycles, monetary policy and productivity…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1981
Hosted on Acast. See acast.com/privacy for more information.
- Investing Legends
Berkshire Hathaway Shareholder Letters 1980
Warren Buffett's 1980 Berkshire Hathaway shareholder letter introduces one of his most enduring ideas: "look-through earnings," his argument that a company's…
- Investing Legends
Howard Marks: AI, Value Investing, Market Cycles, Investor Psychology
Howard Marks in conversation about market cycles, investor psychology, and where the current market sits on the swing from optimism to fear. He works through…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1979
Warren Buffett's 1979 Berkshire Hathaway shareholder letter, one of his most philosophical. He introduces the "investor's misery index" how inflation and taxes…
- Investing Legends
Stan Druckenmiller (2009) : Investing, Economics, Soros, Risk, Trading
Stanley Druckenmiller sits down for a wide-ranging conversation about how he actually trades: position sizing, technical analysis, and the risk management…
- Investing Legends
Warren Buffett - Investing Principles, Intrinsic value, Opportunity Costs, Compounding, Leadership & Character
Buffett opens with a thought experiment for the students. If you could buy ten percent of one classmate's lifetime earnings, who would you pick? Not the one…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1978
Warren Buffett's 1978 Berkshire Hathaway shareholder letter, the first written after merging with Diversified Retailing Company. He explains why return on…
- Investing Legends
Berkshire Hathaway Shareholder Letters 1977
Warren Buffett's 1977 Berkshire Hathaway shareholder letter, the first of his famous annual letters, read in full. In it, Buffett explains why return on…
- Investing Legends
Warren Buffett Partnership Letter 1969/1970 - Winding down the partnership
The final chapter of the Buffett Partnership, told through five letters from 1969 and 1970 as Warren Buffett wound the partnership down and returned capital to…
- Investing Legends
Warren Buffett Partnership Letter 1968 Full Year
Warren Buffett's 1968 annual letter, capping his best year ever — up 58.8% against the Dow's 7.7%, a result he waves off as "a freak, like picking up thirteen…
- Investing Legends
Warren Buffett Partnership Letter 1968 H1
Warren Buffett's mid-1968 letter to partners. The partnership rose 16% while the Dow was essentially flat. He updates his growing family of controlled…
- Investing Legends
Warren Buffett Partnership Letter 1967 Full Year
Warren Buffett's 1967 annual letter. The partnership gained 35.9% against the Dow's 19.0%, yet Buffett is uneasy: in a runaway speculative market where nearly…
- Investing Legends
Warren Buffett Partnership Letter 1967 H1
Warren Buffett's mid-1967 letter to partners. After a rough January, the partnership finished the half up 21% against the Dow's 11.4%. Buffett names…
- Investing Legends
Warren Buffett Partnership Letter 1966 Full Year
Warren Buffett's tenth-anniversary letter, covering 1966. The partnership gained 20.4% while the Dow fell 15.6% — its widest margin ever, 36 points — capping a…
- Investing Legends
Warren Buffett Partnership Letter 1966 H1
Warren Buffett's mid-1966 letter to partners. In a falling market — the Dow down 8.7% — the partnership still gained 8.2%, and Buffett shows how the eight…
- Investing Legends
Warren Buffett Partnership Letter 1965 Full Year
Warren Buffett's landmark 1965 annual letter. After a record year — up 47.2% versus the Dow's 14.2% — Buffett reveals the story behind Berkshire Hathaway, the…
- Investing Legends
Warren Buffett Partnership Letter 1965 H1
Warren Buffett's mid-1965 letter to partners. The partnership gained 10.4% while the Dow was essentially flat, extending its edge — though Buffett candidly…
- Investing Legends
Warren Buffett Partnership Letter 1964 Full Year
Warren Buffett's 1964 annual letter, one of his richest. The partnership gained 27.8% against the Dow's 18.7%, but Buffett spends much of the letter on ideas…
- Investing Legends
Warren Buffett Partnership Letter 1964 H1
Warren Buffett's mid-1964 letter to partners. With the Dow up about 10% in the first half, the partnership only matched it — a reminder that Buffett's edge…
- Investing Legends
Warren Buffett Partnership Letter 1963 Full Year
Warren Buffett's 1963 annual letter, capping "seven fat years" with a 38.7% gain versus the Dow's 20.7%. He uses the Mona Lisa to illustrate the staggering…
- Investing Legends
Warren Buffett Partnership Letter 1962 H1
Warren Buffett's mid-1963 letters to partners. He reports a first-half gain of 14% against the Dow's 10%, but reminds partners the edge should come in down…
- Investing Legends
Warren Buffett Partnership Letter 1962 Full Year
Warren Buffett's 1962 annual letter, one of his most foundational. He lays out his famous "Ground Rules" for judging performance, illustrates the staggering…
- Investing Legends
Warren Buffett Partnership Letter 1962 H1
Warren Buffett's mid-1962 letters to partners, spanning a sharp market decline. As the Dow fell 21.7% in the first half, his partnership dropped just 7.5%…
- Investing Legends
Warren Buffett Partnership Letter 1961 Full Year
Warren Buffett's 1961 letter to partners, capping five years of operation with a standout 45.9% gain against the Dow's 22.2%. He lays out his three-category…
- Investing Legends
Warren Buffett Partnership Letter 1960 H1
Warren Buffett's first semi-annual letter, from July 1961. His partnerships edged past a fast-rising Dow (up 13%), but the heart of the letter is his plan to…
- Investing Legends
Warren Buffett Partnership Letter 1960
Warren Buffett's 1960 letter to partners, covering a year when the Dow fell 6.3% while his seven partnerships gained 22.8% — exactly the kind of down-market…
- Investing Legends
Warren Buffett Partnership Letter 1959
Warren Buffett's 1959 letter to partners, written as the Dow surged nearly 20% on a wave of investor enthusiasm he found unsettling. His six partnerships still…
- Investing Legends
Warren Buffett Partnership Letters 1958
Warren Buffett's 1958 letter to partners. His funds beat a booming Dow Jones (up 38.5%) with gains up to 46.2%, and he walks through a real trade — quietly…
- Investing Legends
Warren Buffett Partnership Letters 1957
Warren Buffett's second annual letter to his partnership, written in 1957. He explains how his funds beat the Dow Jones (down 8.5%) with gains of 6% to 25%…