book / uses
Intelligent Investor
“My first book I read in the business was the Ben Graham Intelligent Investor, but fairly quickly you get to learn about Warren Buffett and I started by reading the Berkshire Hathaway annual reports.”
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Books, apps, and tools
book / uses
“My first book I read in the business was the Ben Graham Intelligent Investor, but fairly quickly you get to learn about Warren Buffett and I started by reading the Berkshire Hathaway annual reports.”
app / owns
“No. We own a company called Restaurant Brands. Restaurant Brands owns a number of quick service companies, one of which is Burger King.”
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8 transcript-backed records
01 / evaluation
“That’s very, very important. But I like the idea of democratizing access to good investors, and I think that’s an interesting trend.”
02 / evaluation
“I think my public letters and then some of the posts, I did and that little three minute video excerpt had an impact, but it wasn’t about … I mean you can criticize me for being a billionaire, but it was really the words.”
03 / evaluation
“I think he’s a honest, smart, motivated, capable, proven guy as a business leader. And I think in six, almost in his three terms in Congress, he ran when Trump was elected, he said his kids cried, his daughters cried, inspired him to run for office, ran in a Republican district in Minnesota for the last 60 years, was elected in the landslide, has been re-elected twice, moved up the ranks in the Congress, respected by his fellow members of Congress, advance some important legislation during COVID on senior roles, on various foreign policy committees.”
04 / evaluation
“” That’s a pretty good deal. So we made that deal, and because I was dealing with Carl Icahn who had a reputation for being difficult, I was very focused on the agreement and we didn’t want him to be able to be cute.”
05 / evaluation
“I use the example, imagine you woke up in the morning, it’s election day, whatever it is, this November 4th, whatever, 2024, and you still haven’t figured out who to vote for because the candidates are so appealing that you don’t know which lever to pull because it’s a tough call.”
06 / evaluation
“governance failures. It’s not really the president’s fault, because the job of the board is to hire and fire the president and help guide the institution academically and otherwise.”
07 / evaluation
“It was the first time I ever joined a board, and the mess was much larger than I realized from the outside and then I was kind of stuck. And it was very much a confidence sensitive strategy because they built their business by acquiring pharmaceutical assets, and they often issued stock when they acquired targets.”
08 / evaluation
“It literally built the country because the rail that got built over Canada is what united the various provinces into a country. And then over time, because the railroad business is a pretty good business, they built a ton of hotels, they owned a lot of real estate, and it became this massive conglomerate, but it was horribly mismanaged for decades.”