Episode 24: Adam J. Mead | The Complete Financial History of Berkshire Hathaway
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Welcome to the special episode of Talking Billions.
It’s Berkshire Hathaway week, and some of you might be heading to Omaha for the company’s annual meeting. I’ll be there, and I might see some of you. Many of you might be following the event online. Others might be new to Buffett and his company.
As a special treat this week, I have an episode with Adam Mead for you.
Adam wrote an incredible, almost 800-page book about the history of Berkshire Hathaway. I read it all, and I highly recommend it.
Berkshire is an investment vehicle managed by Warren Buffett and Charlie Munger, two legends in the investing world.
There are many books about them and the company, but this one is unique.
Adam did an incredible job researching the history of Berkshire long before Buffett’s arrival at the helm, leaving us with hints about the future beyond Buffett.
If you are a Buffett fan, I think you’ll greatly enjoy hearing stories you might be hearing for the first time, or at least how we discuss them might offer a new perspective.
If you are new to Buffett and Berkshire, it’s a great primer in the history of a very successful investing duo, a one-of-a-kind company, and over 150 years of economic and industrial change in the United States.
We start with the whaling fortunes of the northeast, we talk about Hetty Green, a legend of Wall Street of the late 1800s, to a story of the textile industry in America, to Buffett’s arrival, and Berkshire’s prosperous growth to a giant it is today holding a stake in Apple among others. We’ll talk both about the success and some massive mishaps, too. Stay tuned until the end, where we talk about Buffett’s lesser-known involvement with Amazon soon after the dot com bubble burst.
Our conversation is a lesson in economic history seen through the experience of one company that changed and evolved and continues to flourish today.
Adam J. Mead is a life-long student of business and capital allocation. He is the CEO and Chief Investment Officer of Mead Capital Management, LLC. Adam is also the founder of watchlistinvesting.com, a value investing newsletter. Adam spent over a decade in banking in commercial credit, including observing first-hand the after effects of the Great Recession and the long credit expansion afterward.
Adam has been investing in public securities markets since 2004. Adam holds a Master of Business Administration from Southern New Hampshire University.
Twitter: @BRK_Student LinkedIn YouTube Blog: http://www.theoraclesclassroom.com Newsletter: http://watchlistinvesting.com
The Complete Financial History of Berkshire Hathaway:
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IMPORTANT: As a reminder, the remarks in this interview represent the views, opinions, and experiences of the participants and are based upon information they believe to be reliable; however, neither my firm nor I have independently verified all such remarks. The content of this podcast is for general, informational purposes, and so are the opinions of a member of a registered investment adviser and guests of the show. This podcast does not constitute a recommendation to buy or sell any specific security or financial instruments or provide investment advice or service. Past performance is not indicative of future results.