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The Transcript
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The Transcript
@TheTranscript_
We write a weekly newsletter of quality quotes from Earnings Calls | Editor: @Skrisiloff | Lead Author: @ekmokaya | Publisher: @Avondaleam |
Joined October 2017
- Buffett while holding up his Coca-Cola can: "For 94 years, I’ve been able to drink what I want, do what I want & I’ve defied all the predictions of what should’ve happened to me..Charlie & I...never really exercised all that much. We weren’t carefully preserving ourselves"
00:00 - Buffett with some career advice: "Don’t worry too much about starting salaries. Be very careful about who you work for, because you’ll take on the habits of those around you. Some jobs just aren’t worth it. "
- Buffett: "Life today is better in almost every way. You’ve got to figure that you started at a pretty lucky spot just by being born when you were. Imagine staying in some cosmic waiting room for hundreds of thousands of years and then getting dropped into the present — not bad
- Buffett: "Who you associate with is enormously important. And don’t expect to make every decision right on that. But your life is going to progress in the general direction of the people you work with, admire, and befriend."
- The end of an era at Berkshire Hathaway: "At year-end, Greg would be the CEO of Berkshire. I would still hang around and could conceivably be useful in a few cases. But the final word would be Greg’s...Greg doesn’t know anything about this until what he’s hearing right now."
00:00 - $NVDA CEO's advice to students: "resilience matters in success...I don't know how to teach it to you except for, 'I hope suffering happens to you'..greatness comes from character & character...is formed out of people who suffered..I wish upon you ample doses of pain &
00:00 - Buffett on reading financials: "That’s something we’ve never really talked about publicly, but I actually spend more time looking at balance sheets than income statements. Wall Street often focuses on income statements, but I like to study balance sheets — ideally over an 8 to
- Stanley Druckenmiller this week: 1. On the bear market "My best guess is that we’re 6 months into a bear market. For those tactically trading, it’s possible the first leg of that has ended. But I think it’s highly, highly probable that the bear market has a ways to run."
- $NVDA CEO on why he does not fire people: "I rather improve you than give up on you...I don't like giving up on people because I think they could improve. And it's tongue in cheek but people know that I'd rather torture them into greatness [thank give up on them]"
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00:00- Druckenmiller: "I've been doing this for 49 years, and we're probably going from the most anti-business administration to the opposite. We do a lot of talking to CEOs and companies on the ground. And I'd say CEOs are somewhere between relieved and giddy. So we're a believer in
