Expanding Your Competence Like Buffett (w/ Alex Morris from TSOH)

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather & Glassbox Media

Business, Investing

4.2 • 1.5K Ratings

🗓️ 13 March 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Dave and Andrew feature Alex Morris, founder and analyst at TSOH Investment Research and author of 'Buffett and Munger Unscripted.' Alex shares his journey into the world of stock investing, inspired by business legends Warren Buffett and Charlie Munger. The conversation covers Alex's perspective on investing, including his preference for stocks over other assets, insights from his book, and his views on business valuation, competitive analysis, and the importance of management. The dialogue also touches on strategies like minimum position sizing, the role of qualitative versus quantitative analysis, and advice for novice investors looking to expand their knowledge and competence in investing. As a special note, proceeds from Alex's book will be partially donated to Glide, a charitable organization supported by Warren Buffett. 00:00 Introduction and Guest Welcome 00:30 Why Choose Stocks? 02:00 The Inspiration Behind the Book 04:47 Impact of Berkshire Meetings 06:59 Understanding Business and Investing 08:08 Insights on Discount Stores 12:41 Lessons from Berkshire's History 19:49 Circle of Competence and Investment Strategies 25:41 Analyzing New Investments 26:38 Dollar Tree Investment Journey 30:07 Evaluating Microsoft and Tech Investments 45:06 Writing and Its Impact on Investing 49:05 Final Thoughts and Book Promotion Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening. Today's show is sponsored by: Go to SHOPIFY.COM/beginners to start selling with Shopify today. Go to shipsticks.com and use the code INVESTING for 20% off. Go to get.stash.com/INVESTING to see how you can receive $25 towards your first stock purchase and to view important disclosures. This episode is sponsored by BetterHelp. Give online therapy a try at betterhelp.com/INVESTING and get on your way to being your best self. Use code [INVESTINGPOD] at the link below to get an exclusive 60% off an annual Incogni plan: https://incogni.com/investingpod What do Dave and Andrew recommend? Andrew works really hard to find the best insights he can every single month at Value Spotlight. To see a sample of his previous work, go to stockwriteup.com. Have questions? Send them to [email protected] SUBSCRIBE TO THE SHOW Apple | Spotify | YouTube | Amazon | Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:02.3	Love this podcast because it crushes your dreams and getting rich quick.
1:05.9	They actually got me into reading stats for anything. You're tuned in to the Investing for Beginners podcast.
1:11.9	Led by Andrew Sather and Dave Ahern. Step by step premium investing guidance for beginners.
1:19.5	Your path to financial freedom starts now. Start now.
1:30.3	All right, folks, welcome to Investing for Beginners podcast.
1:33.9	Today we have a really special show.
1:35.6	We have one of my longtime favorites joining us today.
1:38.5	We have Alex Morris, who is the founder and analyst at T-S-O-H Investment Research,
1:43.8	and the author of this fantastic new book,
1:46.2	Buffett and Munger Unscripted, which we're going to talk about today as well as some other
1:49.7	stuff. So Alex, thank you very much for joining us today. We really appreciate you taking the
1:54.0	time out of your day to come talk to us. Yeah, thank you so much for having me. I'm excited for
1:59.2	this conversation. You're welcome. All right. So let's start with a nice softball. Why stocks? Like you could invest in
2:05.6	real estate, Bitcoin, commodities, anything. Why do you pick stocks? What about it makes,
	...

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