TIP621: Warren Buffett’s Wisdom: The Power Of Corporate Governance with Lawrence Cunningham

Kyle Grieve chats with Lawrence Cunningham about Lawrence’s fascination with Warren Buffett and Berkshire Hathaway, why corporate governance is so crucial for shareholders to understand, the power of transparency, accountability, and ethical decision-making, how Warren Buffett created his shareholder letters to create a competitive advantage, a list of some incredible businesses to research to understand best top-notch corporate governance, the makeup of a successful incentive program and a whole lot more! IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:02 - How corporate governance protects shareholders. 06:53 - Why Warren Buffett has created a competitive advantage by writing his shareholder letters the way he does. 09:54 - A few businesses that have excellent corporate governance that investors should research. 13:35 - Lessons from Charlie Munger and Philip Fisher that helped Warren better understand quality. 29:39 - How Warren's alignment with shareholders is such a competitive advantage. 30:07 - Why Berkshire is such an attractive buyer compared to alternatives. 33:04 - A breakdown of some simple and complicated investments Warren has made using the 1-foot and 7-foot hurdle analogy. 40:41 - The ABCs of capital allocation and why all board members should understand them deeply. 46:27 - How Warren tracks intrinsic value for different business models and why you should utilize multiple tools. 56:32 - Why it's so hard for most companies to have shareholder-friendly incentive programs. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Buy The Essays Of Warren Buffett: Lessons For Corporate America here. Buy Dear Shareholder: The best executive letters from Warren Buffett, Prem Watsa and other great CEOs here. Check out Lawrence’s other books here. Related Episode: MI305: Exploring The DNA of Quality Businesses w/ Lawrence Cunningham | YouTube Video. Related Episode: TIP330: Warren Buffett w/ Lawrence Cunningham | YouTube Video. Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com. Follow Kyle on Twitter and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! }https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! }https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! }https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! }https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! }https://theinvestorspodcastnetwork.supportingcast.fm