#64 Brett Gardner: Buffett's Early Investments

Brett Gardner is an investment analyst at the US-based investment partnership Discerene Group and, since about a week, a published author with his book Buffett’s Early Investments. The focus of our conversation is Brett's book, where he has uncovered a few of Buffett’s investments in the 1950s and 1960s that until now have been rather unknown.

For more info about the podcast, go to the episode page and make sure to follow us on X/Twitter. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You’re also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with team

This episode was recorded on October 9, 2024. The video was unfortunately not recorded due to technical issues.

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Episode Chapters

(00:00) Introduction by Eddie & Niklas

(01:34) Introduction to Brett

(04:21) Buffett’s Early Investments

(08:47) How the investments were selected

(15:30) Marshall-Wells: The first investment

(20:52) Philadelphia and Reading

(27:36) Walt Disney Productions

(36:10) Can Buffett compound $1 million at 50% per year?

(39:18) Brett’s current role at Discerene Group

(40:53) Two lesser-known book recommendations

(45:37) Final remarks

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Books Mentioned

• A Random Walk Down Wall Street - Burton Malkiel
• The Making of an American Capitalist - Roger Lowenstein
• The Intelligent Investor - Benjamin Graham
• Security Analysis - Benjamin Graham
• Snowball - Alice Schroeder
• Buffett’s Early Investments - Brett Gardner
• Poor Charlie’s Almanack - Peter Kaufman
• Damn Right! - Janet Lowe
• The Halo Effect - Phil Rosenzweig
• Good Strategy Bad Strategy - Richard Rumelt
• The Crux - Richard Rumelt
• Titan: The Life of John D. Rockefeller, Sr - Ron Chernow

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Companies Mentioned

• AT&T
• Coca Cola
• British Columbia Power
• Marshall-Wells
• Philadelphia and Reading
• Walt Disney Productions
• American Express
• Berkshire Hathaway

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More on Brett

Twitter/X - @brettgardner_10

LinkedIn - Brett Gardner

E-mail - [email protected]

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About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter/X: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter/X: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se