Ep. 1 - Investment Philosophies of Buffett and Munger | Learn how to pick a stock

A gold mine, a treasure trove, the holy bible for investment professionals - Warren Buffett’s letters to his shareholders are rich with lessons for business, investments, and life in general. They are a reader’s delight. But if you prefer to watch instead of read, you can watch us discuss Buffett’s letters five at a time.
This episode, covering Buffett’s letters from 1977 to 1981, is the first in a series of episodes where we discuss his stocks, acquisitions, and investment principles. Find out the sectors and asset classes Buffett was initially invested in and the rationale behind those. Tune in to also know his sharp views on economics, accounting, and management.
00:00 Introduction
02:04 Buffett’s early life
04:41 How did Buffett and Munger meet?
07:12 The economic scene in the US of 1977-1981
08:57 Why Buffett preferred equity despite high interest rates?
10:04 How Buffett explained purchasing power?
11:05 Where was Buffett invested?
13:37 Problems with Buffett’s investments
14:07 Buffett had acquired Berkshire Hathaway, not founded
15:56 Problems with insurance business
17:35 See’s Candies - understanding retail
19:15 Four investing filters
20:02 Ben Graham’s Mr. Market
21:00 Understanding earnings prospects
24:12 Transparency through shareholder letters
25:34 Summary and key takeaways
Ep - 2 Merger & Acquisition | Warren Buffett's Letters (1982 - 1986):
• Ep. 2 | How Warren and...
Link to Buffett’s letters to Berkshire Hathaway shareholders:
www.berkshirehathaway.com/let...
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[@seilkim9402]

I'm a Korean who is very interested in Warren. This is a very analytical video which is rare in Korea. Sincerely thanks and looking forward to seeing all the remain years. Kudos to all the panel.

[@dineshms7667]

I'm so glad you guys decided to do this series. Thank you. The retail investors need to see this bigtime...

[@user-tq5yw5nc8p]

A very clear articulation to understand even for non-financial people. Thank you for doing this!

[@nishitalearnapp6913]

Learning from the man himself! Thankyou for this series Varsity ❤

[@vyomgupta2527]

Please please bring further episodes to this series. They are greatt.

[@SKK54321]

This is really amazing episode for Long term Investor.

[@pranchalchoudhary7159]

Loved the series, looking forward to learning more from you guys!

[@pss2978]

My key take away is how warren was clear in his communication to his stake holders.. and how to be flexible while taking decisions.. like instead of selling textile stocks he purchased it..

[@meetgori3464]

great u started this series knowing about warren and Charlie is so much fun, but this feels like some sort of presentation and not a podcast or general discussion

[@RohitRaj-sn7et]

Very good initiative, if possible make series of all these letters in single episodes in hindi and with easing the meaning. 👌 Thanks a lot 🙏

[@notKhalid]

22:09 it's not ROE (Return on Equity) it's ROIC (Return on invested capital), that's what buffet kept in check.

[@vishalghosalkar3013]

Very good varsity team.. ! Please continue the series & my request is to kindly make a video series of mental models which were explained by charlie munger in his book 'Poor Charlie's almanack'.

[@surajsrinivasan5043]

Very informative. Thankyou very much for this series. Keep up the good work.🎉

[@ShinchiOp-rs3ox]

Loved this series❤

[@harish.k6827]

Wow , the value in this is really impressive

[@amitgujral8653]

Really Insightful Discussion 👏🏻👏🏻

[@vivekknji]

Amazing content on Warren and Munger. Its good for all ages 😊

[@VikasKumar-uf9ij]

Warren Buffett sir is a legend ✌️

[@VivekKumar-mh1kh]

Amazing work! Keep it up, team Varsity! ❤

[@VijayJM-lw5ex]

This is called qualitative content

[@Ishanth788]

Thanks for the video… watching the video at 1.30am

[@manavmishra9071]

My key take aways are - don't cut your flowers and always think long term ❤

[@mattyzacharia]

Amazing conversation. Story is told in a great style

[@sagarsatani]

Keep making Warren Buffett journey on investment

[@kunalpatil6978]

Beautiful presentation and nice explanation.

[@aldrindsouza8068]

Kudos to the team . Truly a great learning platform. Keep up the good work.

[@harjeetkhurana964]

A great series seems to be in the offing kudos

[@rejimanalil5396]

Nice series...great. Hats off..❤

[@koderamsai2076]

The video gets tricky at times and hovers off topic a lot lately ...It made me rewatch it for couple of times to avoid distraction in between

[@alok3009]

Great initiative, i felt the video was over engineered. keep it simple where one person explains the letters to another.

[@vinayakaprabhu1764]

Love this episode. The scripting, editing is the best. Post this can you also try creating videos on other popular shareholders letters like Amazons as well. Heard its also extremely good.

[@jasperthetom]

Well explained

[@lonewarrior7957]

But how can we connect intrinsic value with the stock price with the narrative mentioned in this video. Because when you see intrinsic value in the stock screener it's in currency denomination.

[@NidhiSinghRajput210]

and my takeaways is 1 market is offering the price only not it guide us . 2 for the holding co we should analysis of standalone fin. stat. in place of consolidated 3 don't adopt the problem we should do through analysis and then jump to the any decision.

[@pinkpanther6228]

mmm what is your AUM? Nidhi Singh Rajput ...

[@ganeshpondy1]

Too good Idea, thanks for the time and effort

[@lakshramlod6323]

I love this initiative... Please continue this.. plzzzz zerodha

[@H--MohitJain]

Great learnings. Excited for the next epi.

[@chiranthbo3908]

Very nice. Well done i love this kind of videos.

[@dhawanshri]

Superb episode varsity team. Vineet great detailing. Smallest of suggestion, vineet is probably sitting in very stiff position

[@avdhichindaliya8006]

Really informative graphics and animations🙌🏻

[@harshit7600]

This is what I was looking for

[@jagadeeshahs3988]

Hi Team.. Good content. Wish you guys all the best. For those who don't have patience to read this is really helpful like me :) Like Buffet every 100 we spend today should think as future value of that as few thousands

[@DebasmitBiswal]

Very excited for the series

[@user-kk7ur3tg5m]

Thankyou team!!

[@purusothr27]

good series do continue this episode

[@vedantmungre1702]

8:38 It is known as Quantitative Easing I guess.

[@akhi9191]

Brilliant!

[@shivajibhosale7964]

Loved the video, thank you ❤

[@FinancialFreedomWithLIC-Agency]

Kindly tell how we can calculate the Intrinsic value of a company ? You told the philosophy But didn't elaborate on anything mathematically. I hope next time you will bring that...

[@shivamshaw4410]

If I talk about myself in my take away from this crash course would be 1. Sarkari Buffett has always dream big but started smoke but if you talk about in reality people don't take a small step instead they are wait for the step to be a bigger than the dream they have dremt 2. The second would be the moment he said that he was still invested when the inflationary rate was around 15 to 16 % ek selfie shows that he was too patient and very optimistic with the holding of his companies 3. Deepak talk about this class would be since I am already in a offline shop running wholesale can retail store as the capital incremented in the business is huge so should be the revenue generated from the business

[@choranurramacharkrishna2756]

Please make a video about charlie munger.. He is difficult to understand...

[@arsalanansari647]

Brilliant Content 👏

[@08pkz]

This is amazing, looking forward to the rest of the series! #WarrenFTW

[@CMA_Pradyumn_Dhyani]

Perfect

[@kartutvajain9726]

Very Nice.Good discussion.

[@divyanshumishra9579]

Very helpful video.🔥✌️

[@mr.kapasi1513]

Truly Remarkable.

[@gouravrathorr]

Takeaways 👍🏻

[@arulkumarpv8398]

it would be good to expand upon why the US currency didn't get devalued because of it being a reserve currency and the why's. why would other countries want to hold their reserve currency if the supply (of USD) is increasing. Anything with more supply would take down the price (or value of it). isn't it ?

[@PiyushVaid-su6bk]

Love the content 👍🏻

[@rajatsinha17]

Nice intiative 🎉 just don't stop this

[@thepredatorsofindia9075]

Make content on security analysis book of Benjamin Graham..

[@AmitJoshi.]

Good initiative team ❤

[@pritimangla7099]

Plz keep videos in simple language

[@harishrawat6097]

Good content

[@maverickrahul104]

Who gave you the insight that USD doesnt devalue at all??? 8:58

[@gaurangrai3129]

Can u plz give more info on intelligent investor

[@prateeksharma5855]

Veryy Nice 👌

[@puneetpraveen7843]

Please remove the background music, it's annoying.

[@nirmalsahoo1234]

True

[@mitesh-suyani4350]

Best video editing 🔥🔥

[@krushnatpawar6370]

Awesome 👏🏾

[@nagarajubandi3131]

Very informative video

[@latesthindisong5629]

Thanks mam

[@Marketsandesh]

Hindi me thoda jyada hi acha Rehta. Kyu ki English me to hame milhi jayega

[@varunjanki7205]

❤❤

[@caishwarjivani5613]

Superb

[@arunrajasekar93]

next episode ?

[@RishabhBangwal-dn9gj]

Gain something new, liked your content and editors deserve a raise ✌🏻

[@john43323]

Simple Business

[@SaurabhSingh-en3iv]

great bro

[@ruchirchheda2251]

In those days they did businesses on phone

[@yogeshzende8995]

If it is possible in future try to make video in Hindi also

[@jeffrinjohnson2811...]

No we don't understand that language 5:06

[@SaiKumar-kd5yz]

Super

[@anshbalana5600]

invest in business which you understand instead of investing randomly in anyone

[@arshivarvariya571]

Nice video, make more videos on this

[@manoharbs]

Good series, but its too elobrate 😂,all I can get is they were hell bent to become rich,but most of us are just having desire and not presue it do or die way 😢

[@indtraderraju]

Ye Series Hindi Me Bhi Banao Please 🙏

[@Mrpositi]

Agar ye hindi mey banaya tho company ka financial statements or annual report to English mey hey na wah kya karoge?

[@indtraderraju]

@@Mrpositi Number Kishi Bhi Language me ho vo samjh jayenge

[@Mrpositi]

@@indtraderraju annual report mey srif number nahi hota bhai...kuch chizee hey jo hindi mey translate kar nahi sakte

[@hrushukesh]

The background score should be given a second thought.

[@hiteshkatekhaye5261]

+1

[@itz_dev26]

Hindi meaning

[@sanvika8489]

Hindi please

[@kpraveen8607]

ROE GROETH,HE INVEST CANDY BUSINESS BECAUSE HE LOVES CANDY

[@Rajag-ic1xt]

Controlling emotions

[@investing7963]

अगर अन्ग्रेजी में ही सिखना होता तो विदेशी यूट्यूब से नहीं सिख लेता । लगता है हम आज भी अन्ग्रेजो के गुलाम हैं

[@Mrpositi]

Speak tamil, kannada, Bengali then these are Indian languagees

[@info-tech2017]

You r doing good job. I request u to make these videos in हिन्दी language to rich large audience

[@Mrpositi]

Then how will u read financial statements and annual reports because those are in English...will u ask companies to release in Hindi 😂😂

[@nikitagarg4399]

Interesting. Alice in Wonderland.

[@Onlynatures]

How much he invested to became millionaire in his 30. Tell full story😂😂

[@tahirhusain4090]

Compound rs 1lakh for 20 yrs @20%

[@vivekknji]

How much he earned to invest at the age of 30.

[@Onlynatures]

@@tahirhusain4090 he started investing at the age of 10?? 😂

[@akashsabne9805]

atleast a million 😂

[@uttiosaha4692]

​@@tahirhusain4090 actually he did even step up on compounding for better advantages. Like not only initial capital is growing, the profit from other business are also reinvested on a regular basis

[@physicslate3554]

Good effort, but honestly, you guys need to do better. I lost my interest 2 min into the video, could not continue after 4 min. No offence but learn from Groww, their KZbin content is much better(not a hater)

[@pushpendrarajput6099]

Please hindi m boliye

[@silentsatya212]

You are targeting indian people so please use hindi language please

[@Mrpositi]

I'm Indian and i know tamil...so please use Tamil please

[@surajmishra3731]

1970 inflation was not because of printing dollar it comes from base money over lending of the bank