Whitney Tilson: Buffett Is Getting Better With Age

The transcript discusses how to recognize when an investor, specifically Warren Buffett, may be losing their edge. It highlights the importance of evaluating performance and mentions Buffett's continued success despite his age. The discussion includes other notable investors like Charlie Munger, Seth Klarman, and Bill Ackman, focusing on their strategies and track records. The speaker emphasizes finding investment opportunities in companies or investors facing temporary difficulties, suggesting that this can lead to significant gains.

What is the primary responsibility of the board regarding Warren Buffett's performance?

• To increase his investment portfolio

• To detect when he might be losing his touch

• To manage his public appearances

• To diversify his investments

Which two investors does the speaker place at the top of their list?

• Bill Ackman and Seth Klarman

• Seth Klarman and Hunter Harrison

• Warren Buffett and Charlie Munger

• Hunter Harrison and Bill Ackman

What is a key strategy for savvy investors according to the speaker?

• Investing in companies with no problems

• Finding companies or investors with temporary difficulties

• Only investing in technology stocks

• Avoiding any form of activism

How does the speaker describe Bill Ackman's investment approach?

• Avoiding any form of activism

• Based on short-term gains

• Focused solely on technology

• Understanding and evaluating businesses for long-term value

What does the speaker suggest about companies or investors facing difficulties?

• They should be avoided at all costs

• They offer potential bargains when they recover

• They are always a risky investment

• They should be sold immediately