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Show Notes

[00:02:26] - [First question] - What Berkshire has taught the world about float

[00:14:00] - How much of Berkshire's success was predicated on insurance

[00:23:17] - Whether or not Berkshire’s capital source has been more important than stock selection

[00:30:04] - Why there’s such a disparity between good stock pickers and holding companies

[00:36:24] - What the major signposts of durability are when evaluating companies

[00:38:29] - Acquiring Alleghany and a case study that reflects their values

[00:47:22] - The role that energy has played in Berkshire’s growth

[00:59:54] - Thoughts about the major pieces of Berkshire and the future of the company

[01:05:46] - Important lessons learned about investing and business from Berkshire’s story