IN THIS EPISODE, YOU'LL LEARN:<ul><li>09:47 - The story of how Buffett bought Berkshire after letting his emotions get the best of him and why it was originally a huge mistake.</li><li>15:04 - How he could have made hundreds of billions more had he simply invested in insurance.</li><li>20:49 - His position in Conocophillips that resulted in a loss and how even through all of that, 1 single dollar invested with Buffett in 1965 would now be worth $3.65M</li><li>23:00 - Why buying Dexter Shoes was, in Buffett's words, the worst purchase he ever made.</li><li>30:42- How he missed out on Google, Amazon, and others</li><li>41:29 - His overpayment for Precision Castparts.</li><li>And a whole lot more!</li></ul>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCES:<ul><li>David’s <a href="http://blog.umd.edu/davidkass/" rel="noopener noreferrer" target="_blank">Blog</a> on Warren Buffett</li><li>David Kass <a href="https://twitter.com/drdavidkass?lang=en" rel="noopener noreferrer" target="_blank">Twitter</a>.</li><li>Supermoney <a href="https://www.amazon.com/Supermoney-Adam-Smith/dp/0471786314?&linkCode=ll1&tag=tipnetwork-20&linkId=31a76eefdd0c34916203bbed3dfce680&language=en_US&ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank">Book</a>.</li><li>Trey Lockerbie <a href="https://twitter.com/treylockerbie" rel="noopener noreferrer" target="_blank">Twitter</a>.</li><li>Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>New to the show? Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Find people with the right experience and invite them to apply to your job. Try&nbsp;<a href="https://ziprecruiter.com/wsb" rel="noopener noreferrer" target="_blank">ZipRecruiter</a>&nbsp;for FREE today.</li><li>Find Pros & Fair Pricing for Any Home Project for Free with&nbsp;<a href="http://angi.com/" rel="noopener noreferrer" target="_blank">Angi</a>.</li><li>Invest in the $1.7 trillion art market with&nbsp;<a href="https://www.masterworks.io/" rel="noopener noreferrer" target="_blank">Masterworks.io</a>. Use promo code WSB to skip the waitlist.</li><li>Have a business checking that’s built for you, will go the distance with you, and admires your brave -&nbsp;<a href="https://novo.co/wsb" rel="noopener noreferrer" target="_blank">Novo</a>. The Investor’s Podcast Network listeners get access to over $5,000 in perks and discounts.</li><li>Buying or selling Gold is as easy as buying a stock with&nbsp;<a href="https://vaulted.com/" rel="noopener noreferrer" target="_blank">Vaulted</a>. No minimum investment required.</li><li>Updating your wardrobe or just simply looking for a new fall flannel? Head to&nbsp;<a href="https://mizzenandmain.com/" rel="noopener noreferrer" target="_blank">Mizzen+Main</a>&nbsp;and use promo code WSB to receive $35 off an order of $125 or more!</li><li>Send, spend and receive money around the world easily with&nbsp;<a href="https://wise.com/tip" rel="noopener noreferrer" target="_blank">Wise</a>.</li><li>Learn about the next big thing – months before everyone else with&nbsp;<a href="https://trends.co/westudybillionaires" rel="noopener noreferrer" target="_blank">Trends</a>. Start your 7-day trial today for just $1.</li><li>Canada’s #1 employee benefits plan for small businesses!&nbsp;<a href="http://buychambers.ca/" rel="noopener noreferrer" target="_blank">The Chambers Plan</a>&nbsp;evolves with the way you work and live while keeping the rates stable. Opt for the&nbsp;simple, stable, and smart choice for your business.</li><li><a href="https://realestate.com.au/thisisyourlocal" rel="noopener noreferrer" target="_blank">Live local in Melbourne</a>&nbsp;and enjoy $0 Stamp Duty*!</li><li>The interval fund, a breakthrough innovation. Only at&nbsp;<a href="https://mackenzieinvestments.com/innovation" rel="noopener noreferrer" target="_blank">Mackenzie</a>.</li><li>Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with&nbsp;<a href="http://perthmint.com/WhyGold" rel="noopener noreferrer" target="_blank">Perth Mint</a>.</li><li>Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with&nbsp;<a href="https://avast.com/" rel="noopener noreferrer" target="_blank">Avast One</a>.</li><li>Gain the skills you need to move your career a level up when you enroll in a&nbsp;<a href="https://www.swinburneonline.edu.au/" rel="noopener noreferrer" target="_blank">Swinburne Online</a>&nbsp;Business Degree. Search Swinburne Online today.</li><li>Design is already in your hands with&nbsp;<a href="https://www.canva.com/" rel="noopener noreferrer" target="_blank">Canva</a>. Start designing for free today.</li><li>Invest in crypto and trade it without tax headaches with&nbsp;<a href="https://www.altoira.com/study" rel="noopener noreferrer" target="_blank">AltoIRA</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Support our free podcast by supporting our&nbsp;<a href="https://www.theinvestorspodcast.com/sponsors/" rel="noopener noreferrer" target="_blank">sponsors</a>.</li></ul>HELP US OUT!Help us reach new listeners by leaving us a&nbsp;<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit" rel="noopener noreferrer" target="_blank">rating and review</a>&nbsp;on&nbsp;<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.

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TIP443: Buffett's Biggest Blunders w/ David Kass

We Study Billionaires - The Investor’s Podcast Network