- 3:07: Weitz 30% in cash: The difficulty to find business value in current climate
- 3.38: Russo talks about why he is always 100% invested: Global businesses
- 4:29: Both talks about valuing based on business value not so much on a statistical PE basis. That their companies PE is much higher. He also talks about systematic evaluation of the value of his portfolio
- 7:58: Weitz explaining the appeal of cash necessary in times of distress
- 8:31: Russo: The dangers of being all out of the market
- 9:30: Both their largest holdings are Berkshire Hathaway and they discuss Berkshire here
- 11:50: Russo talks about Berkshire’s purchase of IBM and Exxon
- 12:40: Weitz talks about the float creating the leverage, thus even if returns are 10% the leverage cause the returns to be higher at perhaps 15%
- 13.20: Both talks about their holding of Heineken as a long term entity
- 14:30: Why both of them look for family controlled businesses or great capital allocators
- 16:10: Russo talks about John Malone, activist investor, the ability to suffer
- 20:54: Russo’s one investment: Heineken Holding NV HEIO
- 22:40: Weitz’s one investment: Liberty Media Corp LMCA
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H
Monday 6th of January 2014
i like this video summary - 1 can either skip to a specific part of the video, or not watch it at all!
Kyith
Monday 6th of January 2014
Hope i have value added.