Best Podcast Episodes About Warren Buffett
Everything podcasters are saying about Warren Buffett — curated from top podcasts
Updated: Apr 02, 2026 – 31 episodes
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Ridealong has curated the best and most interesting podcasts and clips about Warren Buffett.
Top Podcast Clips About Warren Buffett
“… the United States Senate flip. Paul if that happens guess who the chairwoman of the banking committee is in the United States Senate It is Elizabeth Warren We know Right You know that better than anyone And, you know, what are the chances that it's going to pass with her on the Senate banking committee, you know, post January? Probably slim to none. And so, you know, that's why you have this tension, right?”
“… Is there a possible bipartisan solution? I don't think so. I have to give you my honest assessment. I hate to be that negative, but here's the reason. Let's say that the midterms go very bad for Republicans, and not only does the House flip, but the United States Senate flip. Paul if that happens guess who the chairwoman of the banking committee is in the United States Senate It is Elizabeth Warren We know Right You know that better than anyone And, you know, what are the chances that it's going to pass with her on the Senate banking committee, you know, post January? Probably slim to none. And so, you know, that's why you have this tension, right?”
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The Clarity Act faces a critical deadline, and its future hinges on the upcoming midterms. If Republicans lose control, Elizabeth Warren will lead the Senate Banking Committee, making bipartisan support nearly impossible. This could mean the end for crucial legislation aimed at stabilizing the crypto market.
“… the protein hookah would be perfect for you. Yeah, maybe I could do that. Great way for people who fast. I don't know. No. But wait, so Zach. So Warren Buffett said the stock market's going to crash. He said 40%, which feels like a – I know that's not a majority when it comes to percentages, but it feels like a majority. That's a lot of percent. Feels like it's all the money, right? We don't want that percent. A big percent. It also sounds like somebody might be trying to crash the market so that maybe then he could buy more. Or the market. I just put money in the stock market for the first time in my …”
“I think you just get jacked up. I think you just rip a bong and then you walk away and you're fucking a beast. You look like that Florida Gators fan. No offense, but I can't be having this conversation. I don't eat food anymore. Well, then the protein hookah would be perfect for you. Yeah, maybe I could do that. Great way for people who fast. I don't know. No. But wait, so Zach. So Warren Buffett said the stock market's going to crash. He said 40%, which feels like a – I know that's not a majority when it comes to percentages, but it feels like a majority. That's a lot of percent. Feels like it's all the money, right? We don't want that percent. A big percent. It also sounds like somebody might be trying to crash the market so that maybe then he could buy more. Or the market. I just put money in the stock market for the first time in my life last week. Oh, yeah. So there's your sign. Yes. There's your sign. I'm calling my financial guy. Yep, there's a bubble. Max has jumped in. Okay, good hot seat. And should we still be – is Warren Buffett still in the game? Yeah. Oh, yeah. He's still the guy even at that age? Oh, yeah. Okay. Yeah. That's good to know. Still alive. You know …”
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Warren Buffett recently warned that the stock market could crash by 40%, which has many investors on edge. This alarming prediction raises questions about his ongoing relevance in the market, especially for new investors like Max, who just entered the stock market for the first time. The segment dives into the implications of Buffett's statement and whether he's still a key player in today's financial landscape.
“A piece from CNBC has Berkshire Hathaway founder, chairman, and former CEO Warren Buffett saying he sold Apple too soon and would buy more of it, though not in today's market. You know, you hear a story like that and it's kind of sad. He could have been a rich man. CarPlay has its first AI chatbot. Yay. We had heard that iOS 26.4 would bring support for voice-based AI apps to Apple's in-car infotainment system. The question that left, would any AI companies go for it? Now a piece from 9to5Mac says OpenAI has slipped behind the wheel …”
“A piece from CNBC has Berkshire Hathaway founder, chairman, and former CEO Warren Buffett saying he sold Apple too soon and would buy more of it, though not in today's market. You know, you hear a story like that and it's kind of sad. He could have been a rich man. CarPlay has its first AI chatbot. Yay. We had heard that iOS 26.4 would bring support for voice-based AI apps to Apple's in-car infotainment system. The question that left, would any AI companies go for it? Now a piece from 9to5Mac says OpenAI has slipped behind the wheel with a CarPlay version of ChatGPT. According to the report, the Dashboard Edition focuses entirely on voice interaction and does not show any text. You can simply talk to it like you would with voice mode in the ChatGPT app on iPhone. There is an end button in the upper left corner with a mute-unmute button in the upper right corner. Other than …”
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Apple's 50th anniversary is overshadowed by mixed feelings about Tim Cook's leadership despite admiration for Apple's historical impact and product innovation.
“Step three, build your moat. Y'all need a moat. I went to Warren Buffett's event in Omaha a few years ago, and he said something that I'll never forget. He said, we have set up Berkshire so we will never run out of money. And that's it. He was just that confident. He said, we're never going to run out of money the way we've set it up. And I thought to myself, first of all, that's very inspiring. That's pretty amazing. But why can't we do the same thing for individuals? What if we actually made it a priority to …”
“Step three, build your moat. Y'all need a moat. I went to Warren Buffett's event in Omaha a few years ago, and he said something that I'll never forget. He said, we have set up Berkshire so we will never run out of money. And that's it. He was just that confident. He said, we're never going to run out of money the way we've set it up. And I thought to myself, first of all, that's very inspiring. That's pretty amazing. But why can't we do the same thing for individuals? What if we actually made it a priority to create a moat around ourselves that would protect us from some of the things that come our way? Somebody getting sick, somebody losing a job, unexpected medical expense. What would that look like? Let's take a look. These are some of the things that really catch people off guard. In my experience, your financial moat is six to 12 months of an emergency …”
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Creating a financial moat can protect you from unexpected life events, just like Warren Buffett's Berkshire Hathaway. Aim for a 12-month emergency fund that covers only your fixed expenses, allowing you to weather any storm. Once you achieve that, focus on investing to build real wealth.
“… of the things that you have to compare to is what if the securities market continues to trend down? Gold goes up. What happens to risk? Well, here's Warren Buffett breaking that down. Well, let's talk about that. The market has come down substantially. Not substantially. Well, you've got both the Dow and the Nasdaq in correction territory. It's the worst performance on a quarterly basis for stocks in about four years. Do things look cheaper to you? No. Three times since I've taken over Berkshire, it's gone down more than 50%. I mean, if you look at the markets of, oh, the worst probably was the 2007-8 …”
“All right, so the real question here is what does this do to assets? When you look at securities but also risk, one of the things that you have to compare to is what if the securities market continues to trend down? Gold goes up. What happens to risk? Well, here's Warren Buffett breaking that down. Well, let's talk about that. The market has come down substantially. Not substantially. Well, you've got both the Dow and the Nasdaq in correction territory. It's the worst performance on a quarterly basis for stocks in about four years. Do things look cheaper to you? No. Three times since I've taken over Berkshire, it's gone down more than 50%. I mean, if you look at the markets of, oh, the worst probably was the 2007-8 period, although there was that one Monday when you had 21% in a day. I mean, this is nothing. I mean, it... Well, this is nothing to make you get excited and think there's huge valuation drops. Well, if they're 5% or 6% cheaper, that doesn't... We aren't in it to make 5% or 6%. The point that I think Warren's getting at is that we are in a position …”
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Warren Buffett suggests that despite recent market corrections, assets aren't significantly cheaper, and volatility is likely to continue. He reflects on past market downturns, emphasizing that a mere 5-6% drop isn't enough to warrant excitement for investors. This perspective contrasts with newer investors who believe we're nearing the bottom, setting the stage for upcoming market events.
“… start to happen. That's when people start getting reckless. It's the same as behavioral economics. When everyone's selling, you should be buying Warren Buffett 101. But when everyone's selling, you're calling your financial advisor and being like, tanking, it's tanking. Oil's about to be $200. What do we do right now? Stay the course, baby. Come on, look at the long-term buy right now when people are panicking. So I use that to my advantage. In my show, I do the same thing. So when I've sold properties, I've always underpriced them considerably and then taken”
“… on the market for $4.99, and it went right under the $500 of StreetEasy that your search is, and we got to get in this place and see it on day one, and then have emotions come into play. Because once you're emotionally invested, that's when things start to happen. That's when people start getting reckless. It's the same as behavioral economics. When everyone's selling, you should be buying Warren Buffett 101. But when everyone's selling, you're calling your financial advisor and being like, tanking, it's tanking. Oil's about to be $200. What do we do right now? Stay the course, baby. Come on, look at the long-term buy right now when people are panicking. So I use that to my advantage. In my show, I do the same thing. So when I've sold properties, I've always underpriced them considerably and then taken”
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Oz Pearlman reveals how he uses emotional influence to detect lies in high-stakes situations, like real estate negotiations. By asking pointed questions and creating a sense of urgency, he manipulates emotions to gauge the truth behind numbers and decisions. This technique, rooted in behavioral economics, can turn the tide in negotiations when emotions run high.
“… corp corp and And here he says, the bridge was on the New York Stock Exchange and shares were traded. So we bought a few shares. In the 1970s, Warren Buffett was gonna buy the bridge and he put out a tender offer for more than the current stock price, says Marone. We made a calculated decision to bid against the tender and said we buy any shares that were available right now A lot of people who had tendered their shares withdrew them so that they could get their money right away That technique was successful So I bought 24% of the shares. Warren got 25% and then there were holdouts. And then the …”
“… here from an article this is a interview with maddie marone uh something called corp magazine uh i i think it's literally in corp it's it's it's it's in corp bro it's on corp um or corp with an exclamation point yes so i should pronounce it correctly corp corp and And here he says, the bridge was on the New York Stock Exchange and shares were traded. So we bought a few shares. In the 1970s, Warren Buffett was gonna buy the bridge and he put out a tender offer for more than the current stock price, says Marone. We made a calculated decision to bid against the tender and said we buy any shares that were available right now A lot of people who had tendered their shares withdrew them so that they could get their money right away That technique was successful So I bought 24% of the shares. Warren got 25% and then there were holdouts. And then the article just continues a little bit to say that then Warren Buffett reached out to Matty Marone was like, hey, would you like to buy my shares? Marone bought Buffett's shares, gained a controlling stake in the bridge. The rest is history. Well, this is by way of another podcast returning guest, Charlie Munger, the guy who developed the Cube.”
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In a surprising twist of fate, Matty Marone bought the Ambassador Bridge in 1979 after outmaneuvering Warren Buffett in a stock bidding war. Marone's strategic decision to purchase shares against Buffett's tender offer led him to gain a controlling stake in the iconic bridge, changing its ownership history forever. This story highlights the unexpected paths to power in the world of business.
“Well, the Circle the Wagons philosophy actually came out of when I was thinking about Buffett's letter last year to shareholders, the 2023 letter. He pointed out that in 58 years of running Berkshire, there were only 12 decisions that he had made that had moved the needle for Berkshire. Now, Berkshire had a tremendous run. They've compounded, I mean, until recently, they were compounding at 20 plus percent a year for 58 years. You know, if you're doing, if you're 20 percent a year, you are doubling every three and a half years. okay and …”
“Well, the Circle the Wagons philosophy actually came out of when I was thinking about Buffett's letter last year to shareholders, the 2023 letter. He pointed out that in 58 years of running Berkshire, there were only 12 decisions that he had made that had moved the needle for Berkshire. Now, Berkshire had a tremendous run. They've compounded, I mean, until recently, they were compounding at 20 plus percent a year for 58 years. You know, if you're doing, if you're 20 percent a year, you are doubling every three and a half years. okay and that means after 35 years it's a 10 doubles and 58 is another 23 years so you've got another uh what one six six stuff so 16 doubles uh two to the power 16 now the way to do two to the power 16 is two to the power 10 times two to the power six two to the power 10 round number is 1,000. It's 1,000x, right? And 2 to the power of 6 is 64. It's 64,000 …”
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Warren Buffett's success boils down to just 12 key investment decisions that truly moved the needle for Berkshire Hathaway. Surprisingly, it's not about the initial buy; the real secret lies in holding onto these investments for decades, allowing them to grow exponentially. This insight challenges traditional investing wisdom and highlights the power of patience in wealth accumulation.
“For today's tip, you can take straight to the bank. Well, today I've been talking a lot about picking individual stocks. Warren Buffett has a directive in his own will that he left for his own wife to invest 90% of their money in S&P 500 index funds and 10% in short-term government bonds. Which brings me to my very last Buffettism. Avoid unnecessary risk. Buffett has said that his first rule of investing is don't lose money. His second rule is don't forget rule number one.”
Ridealong summary
Warren Buffett's investment directive for his wife reveals a powerful strategy: 90% in S&P 500 index funds and 10% in short-term government bonds. This approach underscores his core belief: avoid unnecessary risk, encapsulated in his famous rules: don't lose money, and don't forget rule number one. By following these principles, anyone can navigate the investment landscape more effectively.
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Christina Warren shares how a simple Twitter username, 'Film Girl,' unexpectedly shaped her professional identity over the years. Initially created during college in 2007, this nickname stuck with her through various roles in tech journalism and software development, illustrating the lasting impact of online personas. Despite considering a change, she realized that this name is now a significant part of her brand and recognition in the industry.
“… and the management team. Those come into play here as well, yeah? I don't know if I would consider a management team to be a moat. I mean, it's like Warren Buffett says that you want businesses that are so strong that they could be run by a bunch of monkeys because one day they probably will be. Well, I was thinking more like obviously Elon and Tesla is going to relentlessly innovate. It a great point by the way and it true especially in the age of agentic AI Yeah I mean look I think though that just up leveling a bit I think you are right that the key question is moats because I do think that there are …”
“… a bunch of stuff that's just unaffected. And that starts to get a higher multiple because that's where capital starts to float. Saks, there are probably three things that we would agree are great moats for businesses, brands, network effects, and the management team. Those come into play here as well, yeah? I don't know if I would consider a management team to be a moat. I mean, it's like Warren Buffett says that you want businesses that are so strong that they could be run by a bunch of monkeys because one day they probably will be. Well, I was thinking more like obviously Elon and Tesla is going to relentlessly innovate. It a great point by the way and it true especially in the age of agentic AI Yeah I mean look I think though that just up leveling a bit I think you are right that the key question is moats because I do think that there are still strong moats in a lot of different kinds of businesses And a lot of them are very subtle. Like you said, some are network effects. Some of them are the difficulty of producing physical products, things like that. So there's a lot of different types of moats out there. And that is the key question as we enter a world of let's call it digital …”
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Brands like Apple and Tesla may soon lose their pricing power as cheaper, superior alternatives flood the market. With AI-driven efficiencies and a focus on value, consumers are prioritizing functionality over brand loyalty. This shift could redefine what it means to be competitive in the digital age.
“… an investor, my mistakes have been selling too early. That's my lesson to people. Own quality, stick with quality. Think like Michael Saylor and Warren Buffett.”
“… When did you sell it? We probably sold it in 2009 or 2010, right after the financial crisis. But I owned it from 1999. Listen, I mean, but here's a big lesson. If you own something like that, hold on to it. I think the very big lesson, 40 years of being an investor, my mistakes have been selling too early. That's my lesson to people. Own quality, stick with quality. Think like Michael Saylor and Warren Buffett.”
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Imagine buying a T-Rex skeleton for millions, but it’s not just a novelty. A savvy investor shares a crucial lesson learned from owning the Batmobile: holding onto quality assets can yield massive returns. After selling the iconic car for $370,000, which is now worth $4 million, the investor emphasizes the importance of patience and long-term thinking in investment strategies.
“… I'm very proud, because that really shows that there's logic behind the thesis. Because you can get lucky. and luck is always important I think that Warren Buffett says that he found out that the harder he works the luckier he is but I think that the success rate demonstrates that there is efficacy around the idea that if you pick the people who have shown who have demonstrated grit and ability to recover from setbacks, real setbacks. I think that's the recipe behind Cyber Start's track record.”
“… several high value acquisitions So demonstrating that you can hit eight out of nine which is insane in a VC world with a model that really focuses on the individual behind the venture and not the idea, not the market, not the product. That's what I'm very proud, because that really shows that there's logic behind the thesis. Because you can get lucky. and luck is always important I think that Warren Buffett says that he found out that the harder he works the luckier he is but I think that the success rate demonstrates that there is efficacy around the idea that if you pick the people who have shown who have demonstrated grit and ability to recover from setbacks, real setbacks. I think that's the recipe behind Cyber Start's track record.”
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In just three years, a $50 million investment in nine startups skyrocketed to a staggering $2 billion valuation. The secret? Focusing on the grit and resilience of the entrepreneurs behind the ventures rather than just the ideas themselves. This unique approach in venture capital demonstrates that success is more than just luck; it's about picking the right people.
“… going to have him on TFTC at some point here in the next couple of weeks. But he highlighted that a lot of these private equity funds have taken the Warren Buffett route or at least have tried to and acquired a bunch of insurers and reinsurers and have been funneling some of the premiums that have been generated from those insurance properties that they've acquired and pushing it into these private credit and private equity deals. And to your point about retirees having a lot of exposure to this, it's in multiple ways, not only to the funds directly, but a lot of these insurance companies are providing …”
“I've actually been in contact with going to have him on TFTC at some point here in the next couple of weeks. But he highlighted that a lot of these private equity funds have taken the Warren Buffett route or at least have tried to and acquired a bunch of insurers and reinsurers and have been funneling some of the premiums that have been generated from those insurance properties that they've acquired and pushing it into these private credit and private equity deals. And to your point about retirees having a lot of exposure to this, it's in multiple ways, not only to the funds directly, but a lot of these insurance companies are providing annuities for retirees. And if these private equity funds are taking those premiums for those annuities and putting it into risky private equity bets that need to be refied, this could be pretty cataclysmic from a financial perspective here in the United States. Yeah, there's a good – we referenced a couple weeks ago the Citrini AI report that kind …”
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Private equity funds are channeling retirees' insurance premiums into high-risk investments, potentially leading to a financial crisis. As inflation and geopolitical tensions rise, the pressure on these funds could result in catastrophic consequences for the U.S. economy. This precarious situation underscores the fragility of the financial market and the interconnectedness of global events.
“… you realize he's a lot more complicated and interesting than whatever caricature version people have from reading quotes. Way more. I would know the Buffett groupies, and they would literally get angry with me because I would say what to me was obvious. Warren Buffett gets to be Warren Buffett because he gets a premium because of all of what he's done that no other investor could ever get. Do you think any other investor could have saved Solomon Brothers? No, but what does he get for that? He gets deals that no one else can get. It's like when he backed Goldman during the financial crisis, he was …”
“If you read Snowball, you realize he's a lot more complicated and interesting than whatever caricature version people have from reading quotes. Way more. I would know the Buffett groupies, and they would literally get angry with me because I would say what to me was obvious. Warren Buffett gets to be Warren Buffett because he gets a premium because of all of what he's done that no other investor could ever get. Do you think any other investor could have saved Solomon Brothers? No, but what does he get for that? He gets deals that no one else can get. It's like when he backed Goldman during the financial crisis, he was very extractive. I always would contrast the Uncle Warren playing the ukulele and eating See's candy as like, that's a really good disguise. Michael Lewis wrote The Trials of St. Warren, which you can find online. I believe it was with Esquire. He since walked it back, maybe because he wanted to interview Warren again, I don't know. Warren Buffett …”
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Warren Buffett's investment philosophy is far more complex than the simple caricature many believe. While he preaches a long-term holding strategy, his actions reveal a much higher turnover in his portfolio, showcasing a man who plays by different rules. To truly understand Buffett, one must look beyond the surface and explore the contradictions that define him.
“… crazy time. And I, you know, one of the things that I like to remind people of, and it's not to boast, but just, you know, there's a saying, I think Warren Buffett said, when people are greedy, be fearful. When people are fearful, be greedy. I remember in November, December, I started buying Bitcoin when it was crashing on like 15, 16K. And that worked out, that was a good bet. And I'm also trying to remind myself of that now. Like right now, everybody, there's some people who are fearful, some people are like, that's it, it's done, it's boring, crypto's dead. Even though we have incredible adoption, but …”
“… do you think, what do you know, who do you, what were the signs, you know? Sure. It was really intense, but it was also a lot of fun. I mean. Yeah, because it's like. Wild story. It's like I'm in my own mini series drama, you know? Yeah, that was a crazy time. And I, you know, one of the things that I like to remind people of, and it's not to boast, but just, you know, there's a saying, I think Warren Buffett said, when people are greedy, be fearful. When people are fearful, be greedy. I remember in November, December, I started buying Bitcoin when it was crashing on like 15, 16K. And that worked out, that was a good bet. And I'm also trying to remind myself of that now. Like right now, everybody, there's some people who are fearful, some people are like, that's it, it's done, it's boring, crypto's dead. Even though we have incredible adoption, but the sentiment and the price action seems to be dead. But it'll return. I think there's gonna be rotational liquidity from precious metals, they're gonna top out at some point. And. You believe in the ketchup trade? I do to a bit, because if you, again, if you're looking at it from like two to three months, four months, yeah. But if you're looking …”
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Meme coins have transformed the crypto landscape, creating both opportunities and risks for investors. As one expert reflects on their journey through the tumultuous market, they highlight the power of humor in finance, the potential for capital formation, and the need for caution amidst the chaos. This evolution raises questions about the future of cryptocurrency and its role as a speculative playground.
“… So long kind of real world assets that also have the balance sheet and the strength to kind of support it. Another example I've been long, like Warren Buffett bought all these like Japanese trading companies and they have a trading company is a different term there, but basically they're these kind of like conglomerates that are involved in a lot of real world assets. And I analyzed that back in 2020 and went long as well because the thesis was so strong. And these things have just been explosive. So like Japan's having all their long-term currency issues. And it's like, one of the best ways to play …”
“… real world. but they'd have the balance sheet to withstand volatility. So I didn't expect that oil would get quite as cheap as it did. But my energy stocks held up quite well because they were geared toward that possibility. And that's why I picked them. So long kind of real world assets that also have the balance sheet and the strength to kind of support it. Another example I've been long, like Warren Buffett bought all these like Japanese trading companies and they have a trading company is a different term there, but basically they're these kind of like conglomerates that are involved in a lot of real world assets. And I analyzed that back in 2020 and went long as well because the thesis was so strong. And these things have just been explosive. So like Japan's having all their long-term currency issues. And it's like, one of the best ways to play it is these corporations are, they borrow in yen. So they're short the yen and then their own real assets. They generate free cash flows and they're cheap. So you just let them run for like five, 10 years. And again, like the trades, I think partially played out already. So I'm not really putting new capital there, but I'm not selling. And I'm …”
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2026 is shaping up to be a pivotal year for investors, with exciting opportunities in AI and energy monopolies. Companies like Google and SpaceX are poised to dominate their fields, but the overall market may be more bearish than bullish. Investors should consider both emerging technologies and stable, real-world assets to navigate this landscape effectively.
“… three to $10 million companies. I think it's true of $300 million to $1 billion companies too, right? One of my favorite interviews I ever saw was Warren Buffett talking about how he passed over Amazon multiple times. He had all these opportunities to invest in Amazon and he just missed it. And at the end of the day he was like, I think something along the lines of like, our algorithms fail to account for the fact that Jeff Bezos was an alien. And that's such a great line. I love that. It's like, yeah, there was nothing special about Amazon. They sold books online. Anybody could have set up their own …”
“… say that, they're sold. Or if it's like, actually, no, but I haven't been able to get to that or I didn't prioritize that or whatever else it is, it's like, cool. And then once they realize like, yeah, this is just the next step, right? And you said three to $10 million companies. I think it's true of $300 million to $1 billion companies too, right? One of my favorite interviews I ever saw was Warren Buffett talking about how he passed over Amazon multiple times. He had all these opportunities to invest in Amazon and he just missed it. And at the end of the day he was like, I think something along the lines of like, our algorithms fail to account for the fact that Jeff Bezos was an alien. And that's such a great line. I love that. It's like, yeah, there was nothing special about Amazon. They sold books online. Anybody could have set up their own online bookstore tomorrow. What made that company different was Jeff Bezos, right? And by the way, so I think that's humbling if you're here right now and you're struggling with your $300,000 a year business trying to get it to a million and you're like, oh no, it's me. It's like, well, yes, I understand that that's humbling, right? But it's also …”
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The success of a company often hinges on its founder's leadership, especially in businesses earning between $3 million and $10 million. Surprisingly, many founders are more open to acknowledging their role in the company's challenges than expected, and recognizing this can empower them to implement necessary changes for growth. This realization is not just a humbling moment but a pathway to improvement, as shown by the example of how Jeff Bezos transformed Amazon into a powerhouse.
“… it on a foundation. This is one of the largest home builders in the United States. Wow. And he has worked for them for over 30 years. And it is a Warren Buffett company. Yeah. And they've sent us to Cancun. Oh, wow, that's nice. I mean. Yeah, boys, yeah. Jason, yeah, Jason's been on a couple motor home. Who'd you go with, JB? I forget. With the Leif Garrett. We had, we went on a nice ski tour. Oh, my Lord. Yeah, there was snow of a different kind, yeah. I've got some video of that trip I gotta find. Which I do think an RV would be fun. You had your mountain bikes with you too, didn't you? Yeah, up on …”
“… have a mobile home that you guys like to travel around in? No, these are the kind, Jason, they're not even those. This is the kind that you, a double wide, have you ever heard of that, my darling? This can be like a legit home. Whether you put it on a foundation. This is one of the largest home builders in the United States. Wow. And he has worked for them for over 30 years. And it is a Warren Buffett company. Yeah. And they've sent us to Cancun. Oh, wow, that's nice. I mean. Yeah, boys, yeah. Jason, yeah, Jason's been on a couple motor home. Who'd you go with, JB? I forget. With the Leif Garrett. We had, we went on a nice ski tour. Oh, my Lord. Yeah, there was snow of a different kind, yeah. I've got some video of that trip I gotta find. Which I do think an RV would be fun. You had your mountain bikes with you too, didn't you? Yeah, up on the roof there. So we could travel from the mobile home lot where we plug in, dump the trash. And then bike into town. Oh, God. Oh, yeah. God. It's good times. So wait, Leanne, you were gonna be, is it true you were gonna be a therapist at one point? Did you study psychiatry? I did study. I wanted to be a child and family therapist if I didn't make …”
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Leanne reveals she once dreamed of becoming a child and family therapist if her Hollywood ambitions didn't pan out. She pursued a degree in crisis intervention counseling, reflecting on how she could have furthered her education during the pandemic. This journey highlights the intersection of her acting dreams and a passion for helping others.
“… 2000s, it became illegal. And there used to be these networks of information arbitrage that that took advantage of this. Now this is an example of Warren Buffett's returns, pre and post reg FD. Now what do you see? His returns were double the market returns. When this kind of information sharing was legal. And the minute that he became illegal, and you had to basically act on the same edge as everybody else. His returns went to the market return. He generated zero alpha. In fact, he probably on the margins lost a little bit. So this is the single best investor in the world. This is what happens when you …”
“… that used to be not illegal. I won't say that it was legal. I would just say that used to be not illegal. You call your buddy, he says, Hey, how you doing? He goes, man, quarter is a blockbuster. You would go and buy the stock. And starting in the 2000s, it became illegal. And there used to be these networks of information arbitrage that that took advantage of this. Now this is an example of Warren Buffett's returns, pre and post reg FD. Now what do you see? His returns were double the market returns. When this kind of information sharing was legal. And the minute that he became illegal, and you had to basically act on the same edge as everybody else. His returns went to the market return. He generated zero alpha. In fact, he probably on the margins lost a little bit. So this is the single best investor in the world. This is what happens when you have information symmetry. So it's just meant to explain that markets thrive when there's asymmetry. Billions and billions of dollars will be made in asymmetry. The prediction markets today, unless they are regulated out of existence or shut down, will look like the stock market free reg FD. And there's nothing we can do, except choose not to bet …”
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Ridealong summary
Prediction markets thrive on information asymmetry, allowing insiders to profit while others lose. This dynamic raises questions about their societal value, as they can uncover truths but also enable manipulation. Ultimately, the existence of these markets challenges regulators and society to weigh their benefits against the risks of exploitation.
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