Alex Morris - Buffettology

Buffett and Munger Unscripted: A Conversation with Alex Morris 

Alex Morris, friend of the show (and IRL), author of TSOH Investment Research stops by to discuss his new book "Buffett and Munger Unscripted." The book offers three decades of insights from Berkshire Hathaway shareholder meetings, grouped by topic area to provide a coherent understanding of Warren Buffett and Charlie Munger's investment wisdom.

Alex shares his experience writing the book, including the extensive work involved and his communication with Berkshire. They also discuss various investment philosophies, the importance of transparency in investment research, and the challenges faced by consumer brands in today's market.

Further, they reflect on the impact and potential risks of long-term investments in businesses like Dollar Tree and the complexities of analyzing brands like Jack Daniels. 

 

00:00 Welcome to the Business Brew 

00:06 Introducing Alex Morris and His New Book 

02:02 Personal Anecdotes and Family Stories 

05:15 The Journey of Writing the Book 

12:23 Insights on Buffett and Munger's Investment Strategies 

28:53 Discussion on Dollar Stores and Retail Landscape 

34:19 Analyzing Dollar Tree's Market Position 

36:06 The Value Proposition of Dollar Stores 

38:08 Comparing Retail Strategies 

39:23 Brand Value and Pricing Power 

41:14 Consumer Brands and Retail Dynamics 

44:27 Investment Strategies and Portfolio Management 

49:11 The Philosophy of Investing 

55:01 The Business of Writing and Publishing 

01:00:44 Reflections and Future Plans