Preview Mode Links will not work in preview mode

Enterprising Investor


Formerly Guiding Assets, Enterprising Investor is the flagship podcast of CFA Institute and the definitive program for the investment management industry. As stewards of the investment industry, Guiding Assets will feature intimate conversations with some of the most influential people from the world of finance about the topics that matter most to investment professionals. The show will also share crucial insights and best practices to help guide investors to make smart, ethical decisions. Enterprising Investor will continue to help build a better world for investors.

Host: Mike Wallberg, CFA

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.
____

► Subscribe to our Take 15 Podcast YouTube channel:
https://www.youtube.com/channel/UCA3HUMuK4FSp_CvQH_2Ji7g?app=desktop

►Transcript: https://cfainst.is/3mZN6lA

►Email us for comments, questions, or appearance requests:Take15podcast@cfainstitute.org
____

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
https://www.wiley.com/en-us/Warren+Buffett%3A+Inside+the+Ultimate+Money+Mind-p-9781119714590

The Warren Buffett Way
https://www.amazon.com/Warren-Buffett-Way-Robert-Hagstrom/dp/1118503252

One Thousand Ways to Make $1000
https://www.amazon.com/One-Thousand-Ways-Make-1000-ebook/dp/B0170AKILI/ref=sr_1_3?crid=2NTCHCZ4CVRLR&dchild=1&keywords=1000+way+to+make+1000+dollars&qid=1618843035&sprefix=1000+way+to+make+%2Cstripbooks%2C156&sr=8-3

CFA Institute members and charterholders Professional Learning Tracker https://cpd.cfainstitute.org/
____

Find Robert here:
LinkedIn: https://www.linkedin.com/in/roberthagstrom
Twitter: https://twitter.com/robertghagstrom?lang=en

Find Lauren here:

LinkedIn: https://www.linkedin.com/in/lauren- foster/
Twitter: https://twitter.com/laurenfosternyc