The Insane Story of Buffett’s Most Important Stock Pick

In 1951, Warren Buffett bought 350 shares of a stock, for $10,282 and less than a year later he sold those shares for $15,259, a 48% profit.

Buffett was just 21 years old at the time and while the trade might seem trivial, it’s the series of events in Buffett’s life that year, molded the investing strategy that would later make him billions of dollars.

This is one of the rare moments where we get to see into the mind of a young Warren Buffett, because he was writing about it in great detail as it happened.

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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

[HaruSakamoto]

this is the type of youtube videos i want to see more!

[WealthyChronicle]

They say you learn more from failures than success, but in Buffett's case, it seems he learned how to master success before his first gray hairs. 🧠✨

[Shosho-ijob]

Love your work Hamish! You are adding quality time in people's life through the work you enjoy most :). Lots of strength to you.

[DarcyMifsud]

Hamish, your content has gone to another level ! Keep it coming

[obstruktion]

This is great story telling Hamish great work!

[Rsiatat]

Nice to have all living costs covered and have a spare 100k to invest at 21. Very priviledged!
Also his dad had a brokerage firm, so he was introduced to the business early on👏

[peterblakers]

Just subscribed, an excellent video you just presented then. Well done

[vijaygautam]

Good video on Buffett and GEICO. I just hit the 'Subscribe' button. Keep it up!

[glenrich-uuzr]

A stern look of this youth photograph
tells his success is a must whatever
career's.

[Opalsnz]

Quality content as always. Love you work. Keep it up :)

[cameronvincent]

21 years old 200% gain this year 600% in non registered personal account

[maximayr]

Was Geico already a big Company at the time or was it a small cap when Buffet bought his first shares?

[jermunitz]

You should change your name to Hamish Hodler

[johngotti]

Benjamin Graham - og of value investing.

Woz was apprenticed by this G.

There was no downturn in market to take advantage of. Everything pumped.

Benjamin Graham accidentally violated sec rules by buying 50% of geico. He had to sell. Woz knew Graham made good picks.

Benjamin Graham chairman, the 10 board of directors owned a lot of stock.

Buffet bought a book on insurance - no physical assets and no way of the industry being replaced. Insurance also hadn't been caught up with market speculation.

Woz meets assistant to geico president. Collision is the most profitable line of business.

Deflation helps insurance.

Geico USP: no agents, cheaper prices & higher profits.

Competitors are unlikely to try this USP. That's an economic moat.

[QuantCompounding]

Hey Hamish - I’ve considered Incogni before, how’s your experience been? The downside seems to be it is “never ending” rather than a once and done thing.

[goobda_]

Why did you say "Late Charlie Munger" when they were still quite young when they met and started to have an influence on one another?

[benvipond]

Buffett isnt that good of an investor...

He gains 48% profit on $10, 282, I lose 100% of my wealth on Hawk coin. Whos the real investor now?

[tvb]

Math aint mathing here. Having that money at age 21 sounds like a full savings of an average 35 years old adult who went all in in 1 share. That almost a price of fking house.
Im 27 with $200k now and if I do that move and I did not win. I would go career mode ASAP!

[BarlitosC]

CLICKBAIT. Literally at no point does Buffet explain anything in this video

[maodave]

Oh nice I’m pretty early on this video 😂