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Take 15 Podcast

The Take 15 Podcast Presented By CFA Institute is a popular audio interview series defined by illuminating, short conversations with noted economists, best-selling authors, leading researchers, and successful practitioners on topics ranging from geopolitics and cryptocurrencies to irrationality and outlooks.

Download now, listen later and reflect at length.

Show Host: Lauren Foster

Producer: Mitchell Forst 

Apr 28, 2021

Bestselling author Robert G. Hagstrom, CFA, senior portfolio manager at EquityCompass, takes listeners on a journey from the time he first heard Warren Buffett talk about a “money mind” to what he learned while researching and writing his latest book, “Warren Buffett: Inside the Ultimate Money Mind,” about the mindset and ideas that shaped the legendary investor’s investment methods.

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Topics discussed:
1:45 Intro
2:50 Robert talks about his new book, Warren Buffett: Inside the Ultimate Money Mind
3:55 Temperament and why it’s critical as an element of a money mind?
4:47 What is a money mind?
5:55 Building blocks to a money mind
9:41 How does the average investor emulate Warren Buffett and these building blocks?
11:13 Investing is easier than you think but harder than it looks – Is that temperament?
13:36 Robert’s favorite chapter
16:40 The “Woodstock for Capitalists” annual meeting and how many Robert has attended
18:50 What Robert will be listening for at this year’s meeting
20:05 Warren Buffett wrote that debt securities face a bleak future – do you agree?
22:12 The perennial question – who will succeed Warren Buffett as Chief Executive?
23:17 The relationship between Warren and Charlie
25:13 Cocktail nugget – One Thousand Ways to Make $1000 by FC Minaker
27:02 Penny scale
28:49 A cocktail nugget about Warren and Charlie

Related articles and links:

Warren Buffett: Inside the Ultimate Money Mind

The Warren Buffett Way

One Thousand Ways to Make $1000

CFA Institute members and charterholders Professional Learning Tracker

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