In this episode, Dave and Andrew feature Alex Morris, founder and analyst at TSOH Investment Research and author of ‘Buffett and Munger Unscripted.’ Alex shares his journey into the world of stock investing, inspired by business legends Warren Buffett and Charlie Munger.
The conversation covers Alex’s perspective on investing, including his preference for stocks over other assets, insights from his book, and his views on business valuation, competitive analysis, and the importance of management.
The dialogue also touches on strategies like minimum position sizing, the role of qualitative versus quantitative analysis, and advice for novice investors looking to expand their knowledge and competence in investing. As a special note, proceeds from Alex’s book will be partially donated to Glide, a charitable organization supported by Warren Buffett.
00:00 Introduction and Guest Welcome
00:30 Why Choose Stocks?
02:00 The Inspiration Behind the Book
04:47 Impact of Berkshire Meetings
06:59 Understanding Business and Investing
08:08 Insights on Discount Stores
12:41 Lessons from Berkshire’s History
19:49 Circle of Competence and Investment Strategies
25:41 Analyzing New Investments
26:38 Dollar Tree Investment Journey
30:07 Evaluating Microsoft and Tech Investments
45:06 Writing and Its Impact on Investing
49:05 Final Thoughts and Book Promotion
Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.
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What do Dave and Andrew recommend?
Andrew works really hard to find the best insights he can every single month at Value Spotlight. To see a sample of his previous work, go to stockwriteup.com.
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