IFB132: Warren Buffett on Investing in Business Vs Pricing

Announcer:                        00:00                     You’re
tuned in to the Investing for Beginners podcast. Finally, step by step premium
investment guidance for beginners, led by Andrew Sather and Dave Ahern. To
decode industry jargon, silence crippling confusion, and help you overcome
emotions by looking at the numbers, your path to financial freedom starts now.



Dave:                                    00:37                     All
right folks, we’ll welcome to investing for beginners podcast. This is episode
132 tonight Andrew and I are going to listen to a few clips from our uncle
Warren Warren buffet that is, and we’re going to, I picked out some different
interviews and picked out some different clips, and I’m going to play them for
us. And then Andrew and I are going to comment on those as well. So hope you
guys enjoy, and without any further ado, I’m going to go ahead and turn it over
to uncle Warren and let him do his thing.



Warren
Buffett:                01:06                     Well,
yeah, if you own stocks like it on a farm or apartment house, you don’t get a
quote on those every day or every week. And I think you look, you look at the
business, and the value of American does. This depends on how much it delivers
in cash to its owners over between now and judgment day. And I don’t think it
changes by 10%.



Andrew:                              01:23                     Yeah,
I liked this one. Was this from a recent Berkshire meeting? It sounds very
familiar. It’s an interview that he gave on TV about a year ago. Yeah, I
remember that interview. I think it was with Becky Quick on CNBC. That’s
correct. I’m everything out now. Okay, cool. Yeah. Yeah. So yeah, I liked that
quote by Buffet. When you look at the market, and you see the wild swings,
we’ve, you know, one of the things that have been on my mind lately is the big
moves and a lot of these different stocks based on just the smallest of news.
And so you’ll see these huge swings and it goes against what you know is a
business losing, let’s say 10% of its earning power or gaining 10%...