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With Investor Phil Town

InvestED: Ep. 214- Berkshire Annual Meeting 2019 Recap (Part 2)

In this episode, Phil and Danielle continue their talk about their experiences at the Berkshire Annual Meeting. Phil talks about the “3F’s” of starting a fund. Friends, Family, and Fools.

They also talk about what Berkshire’s core competencies are. Buffett answered this question by saying, “We really don’t have one. We don’t expect to know anything particularly except how to pick people that have a core competency.”

They also discuss ESG companies. ESG companies is a new way of talking about “conscious companies”. ESG stands for environmental, social, and governance. They also talk about board members of a company and how they can really make companies act in a horrible way to pad their pockets in the short term.

Learn more about the Berkshire Annual Meeting and join us on the podcast today!

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On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.