On today’s episode, Clay is joined by Lawrence Cunningham to discuss the value of trust-based cultures and organizations, and the value Warren Buffett has created by implementing such an approach at Berkshire Hathaway. Cunningham is the Director of the University of Delaware's John L. Weinberg Center for Corporate Governance. He’s the sitting director on three global public company boards — Constellation Software, Markel Group, and Kelly Partners Group. Cunningham is a best-selling author of a number of books, including “The Essays of Warren Buffett,” “Quality Investing,” and “Quality Shareholders.”IN THIS EPISODE YOU’LL LEARN:<ul>
<li>The primary role of the board of directors for a public company.</li>
<li>The value of trust-based cultures and organizations.</li>
<li>The key attributes of a trust-based organization.</li>
<li>How Warren Buffett identifies trustworthy people.</li>
<li>The story of David Sokol breaking Warren Buffett’s trust.</li>
<li>Lawrence’s thoughts on Berkshire’s $300B+ cash position.</li>
<li>How Lawrence navigates investing in a world where a premium is placed on quality companies.</li>
<li>And so much more!</li>
</ul>BOOKS AND RESOURCES<ul>
<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
<li>Clip of <a href="https://www.youtube.com/watch?v=O0R_9L_D2Yk&t=12s">Buffett testifying</a> on behalf of Salomon Brothers.</li>
<li>Weinberg <a href="https://weinberg.udel.edu/">Center for Corporate Governance</a>.</li>
<li>The Essays Of Warren Buffett: Lessons For Corporate America <a href="https://www.amazon.com/Essays-Warren-Buffett-Lessons-Corporate/dp/0966446143/ref=sr_1_2?crid=V3HFHIIQ1QO7&dib=eyJ2IjoiMSJ9._e4XXjFCRPNyQHHn7Z5EijbCzXBNlNF_LZX1pra5Keg9TpnTvB97YJbkk81A-8LvzooHjM6T8cz5Jsi7Ry6S1EwUFonyBvPdeWXpshQI4k2C6pTZLY5aACyoc0JwYQGGSQfs9nmVVkK9fw5TviKHK1LOcXATF1nK_sDBNcBg3ppW9tJFG7TZCsY3gVe8C54XCIJMXM7cGT1INcRjURM0dojGhVath14igLItcUS_Hk4.NBDgpGQ7dbLvcgfKKNUEkcqUkmmZeQdlkfFAWIqUUXo&dib_tag=se&keywords=lawrence+cunningham&qid=1711647436&sprefix=lawrence+cunningham%2Caps%2C160&sr=8-2">here</a>.</li>
<li>Buy Dear Shareholder: The best executive letters from Warren Buffett, Prem Watsa and other great CEOs <a href="https://amzn.to/3Q6Exow">here</a>.</li>
<li>Cunningham’s books — <a href="https://amzn.to/3Eos64N">Margin of Trust</a>, <a href="https://amzn.to/415NoNL">The Essays of Warren Buffett</a>, and <a href="https://www.amazon.com/stores/Lawrence-A.-Cunningham/author/B001IYVE0M?ref=sr_ntt_srch_lnk_2&qid=1711647436&sr=8-2&isDramIntegrated=true&shoppingPortalEnabled=true">more</a>.</li>
<li>Email Shawn at <a href="mailto:shawn@theinvestorspodcast.com">shawn@theinvestorspodcast.com</a> to attend our free events in Omaha or visit <a href="https://www.theinvestorspodcast.com/how-to-attend-the-berkshire-hathaway-annual-meeting/">this page</a>.</li>
<li>Connect with Lawrence on <a href="https://www.linkedin.com/in/lawrence-cunningham-68b7574b/">LinkedIn</a>.</li>
<li>Follow Clay on <a href="https://twitter.com/Clay_Finck">Twitter</a>.</li>
<li>Check out all the books mentioned and discussed in our podcast episodes <a href="https://prodcast.io/wsb">here</a>.</li>
<li>Enjoy ad-free episodes when you subscribe to our <a href="https://premium.theinvestorspodcast.com/">Premium Feed</a>.</li>
</ul><h3></h3>NEW TO THE SHOW?<ul>
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<li>Learn how to better start, manage, and grow your business with the <a href="https://www.theinvestorspodcast.com/podcasts/20-best-business-podcasts/">best business podcasts</a>.</li>
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