저자: NikhilNaik/진행자AshwinBapat · 외국인
요약 보기
워런 버핏의 투자 철학과 성장 과정을 소개한 에피소드로, 앞으로 1~3개월 가격 방향에 대한 예측 발언은 없음. 버핏은 11세에 투자를 시작했고 신문 배달로 번 돈을 재투자해 성장했다고 소개됨. 현재 자산은 약 58억 달러 수준으로 언급되며, 주식 외 자산은 400에이커 농장 정도라고 설명됨. 검소한 생활 방식도 강조됨. 1958년 31,500달러에 산 오마하 집에 58년째 거주하며, 이메일이나 기술을 많이 쓰지 않는다고 소개됨. 투자 방식은 단순해서 기업이 찾아오면 검토한다는 식으로 묘사됨. 주식과 주택 비교도 제시됨. 자막 기준으로 주식시장은 약 2,785% 상승했고 같은 기간 주택 가격은 약 19% 상승했다고 설명되었으나, 이는 과거 성과 설명이지 예측이 아님. 버핏의 핵심 원칙으로 제시된 것은 ①손실을 피하라 ②첫 번째 원칙을 잊지 마라, 그리고 안전마진(margin of safety) 개념임. 벤저민 그레이엄의 영향이 언급됨. 평판과 신뢰의 중요성도 강조됨. 1989년 살로몬 브라더스 사태 당시 버핏이 직원들에게 평판 훼손을 강하게 경계했다는 일화가 소개됨. 버크셔 해서웨이의 규모도 언급됨. 인도 주식시장 전체 시가총액의 약 1/3 규모를 버크셔가 보유한다는 비교가 제시되었고, 코카콜라 지분 약 10% 보유 등 포트폴리오 예시가 나옴. 자산 성장 곡선도 설명됨. 11세 시작, 30세 약 100만 달러, 56세 약 10억 달러, 85세 약 580억 달러로 소개되며, 실질적 부는 60세 이후에 본격화되었다고 정리됨. 버핏은 재산을 사후에 기부할 계획이라고 언급되었음.
다듬은 글
Hello, I am Ashwin Bapat, welcome to Paisa Jhala Motha. Today we have brought you a special episode of Paisa Jhala Motha. In fact, the next two episodes are going to be special because we are going to introduce you to one of the richest investors in the world, whose name is Warren Buffett. In fact, he recently held an annual conference in America and our investment advisor Nikhil Naik was present in it and we are going to tell you about his experiences.
First of all, Naik sir, welcome you and let us briefly introduce Warren Buffett. His age is 85 years. The name of the company is Bergesar Hathaway. It is a world-famous company and the current total assets of the company are 37 lakh crore rupees. While the personal assets he has earned through net investment are 460 thousand crore rupees.
Naik sir has a huge scope absolutely and exactly, as you can see, he created this from scratch and the second most The important point is that a large part of all wealth comes from investments, that is, only through investment can a person become so rich, and that means that at one time he was number one in the world, so he is the number three person in the world today, just through investment, so of course this is a big surprise.
We can say that he is the living legend that we call him today. Yes, I think he is now in third place among the richest investors and richest people in the world. Moreover, we can say that these two are his great achievements. Let us now briefly know how his journey has been so far. Let us see through graphics.
He started investing in the stock market since childhood. After that, he maintained regularity and consistency in his investments. He emphasized on long-term investments and all his investments till now are in the stock market. This is also a unique factor. All his investments are in shares. Absolutely.
Absolutely. He has a small farm of 400 acres, except for that, all his investments and he also says that I If I bought this farm house for my own use, not for investment, then all the wealth that is there is created in the stock market, it is created in the stock market, and if we look at it, from childhood, that is, at the age of eleven, he started investing, and he says that I started at the age of eleven, and if I had started a little earlier, it would have been better, that is, when other children were having fun or moving around, he started investing, he used to distribute newspapers, and today, that is, he started his journey from distributing a newspaper and reinvested the money he got from it, and today he also owns a big media company, that is, Bakshier Hathveni has also invested in a media company, which has its own newspaper and a TV channel.
So, what is it called, if a dream run, which we call a person's dream run, a dream run, literally, so and simple living, that is, if we say, then he has also said that often they are told that they are very small somewhere. It is sometimes said that they act stingy, they do n't wear expensive clothes, they don't wear high clothes, but they hardly say that, no, I always wear expensive clothes, but they look a little cheap on me because I am so rich, so it is difficult for him, his difficult sense of humor, but he has a good living standard, so you have mentioned that we also have a special information about his house, let's see that information, his living standard, as Naik sir said now, his clothes and these things are there, but what is his house really like?
He bought this house in 1958 for 31500 dollars, he has been living in this house for 58 years, for 58 years, absolutely Ashwin, and if you look, you mean, if you have a house in this village of Omaha, and there are many houses in a row, there are many houses on that street, but if a local person or a person does n't know, where is this house, if he is not a local person, he can also tell you.
It's not like this is the home of the third richest person in the world. It's a very simple house. A security was just standing there. When we looked at it, it was absolutely nothing. It's not a show-off. It's nothing. And they've lived in the same house for 58 years. One thing they say is that they don't use email much.
They don't use technology much. And they always say that my investment style is very simple. My and my partner Charlie Munger's investment style is very simple. We sit at home and watch the phone ring. Then a company that wants to invest calls them. And they pick up their phone and think, why don't I invest in this company?
It's so simple and easy. Charlie Munger has said that Warren Buffett doesn't have a very busy schedule. He says that often if there's an appointment written on Warren Buffett's calendar, it's an appointment for a haircut. The rest is work. There are no appointments and somewhere this simple living and not keeping yourself absolutely busy but paying attention to opportunities are the reasons why he created his wealth.
It is true and in connection with this house, I think the comparison he has made with the stock market is also very interesting. So let's look at that chart and then talk about it. Let's look at that chart. The chart we are looking at is that the stock market has increased by 2785% and the house prices are up by 19%.
In 2013, a company compared that since the Buffetts bought a house in 1958, the house prices in the US have increased by 20% every year. In 58 years from 58, but the stock market has increased by 2785% in its own comparison and this is why we get support from this or that it clearly clarifies that Why Buffett does not invest in property but keeps investing in the stock market is because of the growth he has achieved in the stock market in the last few years.
It is true that he lives a simple life but as we are saying, what is the exact investment mantra of Warren Buffett, who is known as the richest investor? What is his thinking? Now let's see very simple things. I think Naik Sir has explained that the first rule he has made is that you should always avoid losses in investment and the second rule is to never forget the first rule.
So whenever Buffett invests, the first and biggest principle is that Rule number one is never lose money. Never lose money. And rule number two means do not forget the first rule. And as long as you follow this, you will definitely not lose money and you will definitely make returns. In fact, his partners have also said that both Warren Buffett and I always try to make more.
He has said that the mantra of our success is not to be stupid, but to avoid costly mistakes. And I think he has always thought about this in many of his works. So Buffett's investment philosophy is very much inspired by his investment guru, Benjamin Graham. Benjamin Graham wrote a book in 1930 called Securities and Analysis, and many of the mantras in that book are still with us today.
In it, Benjamin Graham always said that margin of safety is what he means by saying that if a company is at this price in the stock market, sometimes it is fair value, sometimes the stock market gives this price or sometimes it gives this price, then you should buy it when this price comes and so you always avoid that loss and how many times has Buffett done that for five, five, ten years, the price has increased to fall below the fair value?
I have seen it patiently and then bought it and because of that they have never suffered any loss and they say that if you avoid loss then profit will always be yours. We have seen two rules, right? One, sir. The next three rules. Now let's see. Let's see the third rule. Reputation, that is, trust. Listen to the essence.
It takes a long time to build the position we have in society. It takes 20 years. But to get it in the soil, five minutes are enough. The fourth rule is today someone is sitting in the shade because someone planted a tree many years ago. A very simple, simple, simple example. I think they give. And the fifth rule is, stay with people who are wiser than us.
So if we look at the third rule, for reputation and they are very specific for reputation, whether it is for your own reputation or the reputation of the company. I remember that in that meeting, someone asked him about his reputation. He said that he had invested in Philips and also invested in Personal.
He was getting some benefit. He did not like it at all and he said, " Otherwise, He always answers every question with difficulty. At that time, he got very upset and said no. It is not like that. In 1989, he had invested in a company called Salmon Brothers and there were some issues in that company.
In terms of some scams, he took over the management of that company and ran that company. In a meeting, while addressing his employees, he said, " If you lose money, I will understand. But if you damage even a shred of reputation, even a small reputation, even if it is so much, I will be ruthless. I will not accept it at all.
And I think that trust is a very big thing. Whether it is in the field of investment or in overall life, it is because of this trust that all the affairs are yours. All the transactions are done and he gives great importance to that. It is true. And some more amazing things about this Warren Buffett.
We want to know from Nikhil Naik sir because he was actually present at that conference, so he will tell us about his experience there. We are going to take a short break here and will be back soon. Stay tuned. Welcome to ABP After my break, I got a lot of money. We are learning more about the world's richest investor, Warren Buffett.
Nikhil Naik sir is with us. Before the break, we are learning about many important points, in fact, an amazing journey, and now we have taken a small example of the Indian stock market and Warren Buffett's assets as a comparison. Let's see and learn about him. If we have just said that the current combined share capital of the companies in the Indian stock market is 1468 billion dollars, and the share capital of Berkshire Hathaway, which is Warren Buffett's company, is 552 billion dollars, then if we were to observe both these points, what would it look like?
The observation is that the total share capital value of the stock market is around 1/3 of the value of the capital is owned by Berg Share Hathaway Investment Company. I think everything came from this observation absolutely and this size of their company and their assets is seen in this company that overall 1/3 of the size of the Indian capital market is owned by this company and under this company they have stakes in many small and big companies as well.
Whenever they go to any meeting or any conference, they sit with a can of Coke and Coca Cola. They say that every time 11 times Coca Cola is sold, I get money because they have a 10% stake in it. So that's how they mean this size is theirs because if you look at the scope of Coca Cola, it is huge and not only Coca Cola but they have investments in American Express and many such companies.
The point of saying is that overall wherever we spend money and I had read somewhere that ordinary people buy things And the very rich or the really rich people own those things, so we talk about pictures, we talk about cinema, now we talk about the big ones, we all go and praise them, but the real smart people produce such things or own such things, so we praise Coca Cola, we consume Coca Cola, but they own Coca Cola, so this is the difference between the ordinary and the very rich or the real smart people, and this is theirs.
You name anything in America, Heinz Ketchup or something, you see them owning all of these things, and the important point is that if we look at their overall wealth, it is that and they have also said that whenever they buy businesses, they study it very extensively and then they take their decision, but once they take the decision, they say that even if the stock markets close ten years ago, it will not matter to me.
I buy stocks like I bought them today and the stock market will be closed for the next 10 years. But I do n't care about that. When he came to India, he was asked about the markets. He said a very beautiful sentence. When I bought my farm house, I didn't think about the weather channel, what will happen next month, what will happen in the rain?
So when you buy a stock company, you should buy it by looking at how strong the company is and how strong the business of that company is. It's true. And now if you mention a little about his assets, let's take a look at the statistics of those assets. It is also very amazing. Let's see. He started at the age of 11.
As we mentioned earlier, he started at a very young age. At the age of 15, his assets reached 6000 dollars. At the age of 30, he reached 1 million dollars. That is, the percentage in which it grows. We see that at the age of 56, it reached 1 billion dollars and at the age of 85, it reached 58 billion dollars.
Absolutely. And this is what we are talking about. Senior citizens who always watch the program, this is a good and happy news for them that if you look at their journey from the age of 56 to 85, their actual wealth started after the age of 60. So, this wealth was never created by them until the age of 60.
So, we have this one thing and the other is their current ongoing study, which they still enjoy in investments, so their health is still good at the age of 85. Their partner is 92 years old. I think that somewhere this passion is, so they are still in such good health. Of course, both of them have said that Warren Buffett said that he will donate all this wealth after him.
So somewhere this is just a financial commitment, but he is absolutely not just greedy for money, but somewhere he also has a social commitment and in that, his journey is still going strong and this journey is taking him further. How exactly did it happen, especially the annual meeting that I mentioned at the beginning of the episode, and what ideas were discussed in that meeting?
We will also learn more about his partner Charlie Munger, whom Sir did not mention. However, we will stop today's episode of Paisa Zala Motha here. We will meet again next week to learn more about this amazing journey of Warren Buffett. Stay tuned to ABP Maja.
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