Over the weekend (Saturday May 1st), Warren Buffett and Charlie Munger held their annual shareholder meeting for Berkshire Hathaway, and as usual, it was a filled with timeless wisdom for investors and non-investors alike. I highly recommend you listen or watch the entire meeting, as both Warren and Charlie continue to dazzle us with their insightful thoughts and ideas. If you don't have 3+ hours to watch the meeting I would recommend you read the short conversation (see below) between author Robert Hagstrom and Lauren Foster of the CFA Institute.
If you've ever Googled "Warren Buffett" and "books to read," you'll find Robert Hagstrom's first book on the list, "The Warren Buffett Way."
The Warren Buffett Way spent five months on the New York Times bestseller list in 1994 and '95, and is routinely included in lists of the best books to read on the Oracle of Omaha. Robert is a CFA charter holder and a Senior Portfolio Manager at Equity Compass, where he launched the global leaders portfolio. He also serves as Chairman of the Investment Management Committee for Stifle Asset Management. A recent conversation between Robert and Lauren Foster of the CFA Institute is all about this concept of a money mind.
What exactly is a money mind?
What are the components?
And importantly for investors, can they be learned?
Below is a quick excerpt between Lauren Foster of the CFA Institute and Robert Hagstrom.
Click the PDF below to get the entire conversation and learn more about the Money Mind.
-Paul R. Rossi