How the World's Most Successful Investors Think

Legendary investor Warren Buffett, Chairman and CEO of Berkshire Hathaway, sits down with Yahoo Finance's Editor-in-Chief Andy Serwer, as part of an exclusive one-hour one-on-one interview from Omaha, NE. See acast.com/privacy for privacy and opt-out information.

Ray Dalio (@raydalio) grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management. Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S. Along the way, Dalio became one the 100 most influential people in the world (according to Time) and one of the 100 wealthiest people in the world (according to Forbes). Because of his unique investment principles that have changed industries, aiCIO Magazine called him "the Steve Jobs of investing." Ray believes his success is the result of principles he's learned, codified, and applied to his life and business. Those principles are detailed in his new book Principles: Life and Work. In this interview, we cover a lot, including: How Ray thinks about investment decisions, how he thinks about correlation, etc. The three books he would give ...

Investor, Dallas Mavericks owner, and Shark Tank co-host Mark Cuban talks with Recode's Kara Swisher about what capitalism and entrepreneurship looks like in a post-coronavirus world; whether he's planning to run for political office, and what his platform would be if he did; and what it will take for professional sports to come back. Cuban, who was recently announced as a member of President Trump's panel to re-open the economy, says the government hasn't done enough yet for small businesses and explains why "America 2.0" will require putting more money in the hands of workers — in good times and bad — and much more investment in technology. Plus: What companies would he create now if he were a young entrepreneur? Featuring: Mark Cuban (@mcuban), investor and entrepreneur Host: Kara Swisher (@karaswisher), Recode co-founder and editor-at-large More to explore: On Reset, Arielle Duhaime-Ross explores why — and how — tech is changing everything. On Recode Media, Peter Kafka inter...

Mental models are how we understand the world. Not only do they shape what we think and how we understand but they shape the connections and opportunities that we see. Mental models are how we simplify complexity, why we consider some things more relevant than others, and how we reason. A mental model is simply a representation of how something works. We cannot keep all of the details of the world in our brains, so we use models to simplify the complex into understandable and organizable chunks. Today we explore some of Charlie Munger's famous mental models as outlined in his speech "The Psychology of Human Misjudgment." This episode is brought to you by Gusto, making payroll, benefits, and HR easy for modern small businesses. Rocketship listeners get three months free at gusto.com/rocketship. This episode is also brought to you by Airtable, which is the all-in-one platform for product managers. Rocketship listeners can receive $50 in credit by signing up at Airtable.com/rocketship....