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Kevin Carpenter

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Kingswell || A little uncommon sense from Warren Buffett, Charlie Munger, and other legendary thinkers

Shorts

Apple CEO Tim Cook: "I don't want people looking at their smartphone more than they're looking in someone's eyes." "If they are just scrolling endlessly, this is not the way you want to spend your day. Go out and spend it in nature."

Apple CEO Tim Cook: "I don't want people looking at their smartphone more than they're looking in someone's eyes." "If they are just scrolling endlessly, this is not the way you want to spend your day. Go out and spend it in nature."

1,201,380 次观看

Warren Buffett: "Don't sleepwalk through life. Find something that you really enjoy doing — if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal."

Warren Buffett: "Don't sleepwalk through life. Find something that you really enjoy doing — if you can do it. Not everybody is lucky enough to be able to find that, but it ought to be your goal."

185,384 次观看

Warren Buffett: "I just read and read and read. I probably read 5-6 hours a day. I don't read as fast now as when I was younger, but I read 5 daily newspapers, a fair number of magazines, 10-Ks, annual reports — and a lot of other things, too. I love reading biographies."

Warren Buffett: "I just read and read and read. I probably read 5-6 hours a day. I don't read as fast now as when I was younger, but I read 5 daily newspapers, a fair number of magazines, 10-Ks, annual reports — and a lot of other things, too. I love reading biographies."

185,443 次观看

Charlie Munger: "There will never be any shortage of good people in the world. All you've got to do is seek them out and get as many of them as possible into your life — and keep the rest the hell out."

Charlie Munger: "There will never be any shortage of good people in the world. All you've got to do is seek them out and get as many of them as possible into your life — and keep the rest the hell out."

40,619 次观看

Berkshire Hathaway CEO Greg Abel: "We're doing [repurchases] on behalf of our shareholders and owners. We have to view this as we're creating value for our shareholders long-term."

Berkshire Hathaway CEO Greg Abel: "We're doing [repurchases] on behalf of our shareholders and owners. We have to view this as we're creating value for our shareholders long-term."

59,425 次观看

Warren Buffett: "I would ask anybody to challenge me on whether being kind can hurt them in any way — and whether the net happiness of the world wouldn't be better if every morning they said to themselves, 'I'll have things that are good and bad that happen to me today, but I can be kind to everybody.'"

Warren Buffett: "I would ask anybody to challenge me on whether being kind can hurt them in any way — and whether the net happiness of the world wouldn't be better if every morning they said to themselves, 'I'll have things that are good and bad that happen to me today, but I can be kind to everybody.'"

54,810 次观看

Warren Buffett: "Kindness just doesn't cost anything. You haven't given up anything [by being kind]. It's just so easy. And you get it back — with interest."

Warren Buffett: "Kindness just doesn't cost anything. You haven't given up anything [by being kind]. It's just so easy. And you get it back — with interest."

46,768 次观看

Warren Buffett: "By far the biggest factor in corrections of the business cycle over time is what I would call the natural regenerative powers of capitalism. Capitalism works." "Government gets blamed too much and it may get too much credit when things do improve."

Warren Buffett: "By far the biggest factor in corrections of the business cycle over time is what I would call the natural regenerative powers of capitalism. Capitalism works." "Government gets blamed too much and it may get too much credit when things do improve."

44,753 次观看

Warren Buffett: "When a manager with a reputation for brilliance meets up with a business with a reputation for bad economics, it's the reputation of the business that remains intact."

Warren Buffett: "When a manager with a reputation for brilliance meets up with a business with a reputation for bad economics, it's the reputation of the business that remains intact."

21,508 次观看

Warren Buffett: "I have the ability, because of where I am in life, that people will listen to me — and they'll hear the same damn thing they would hear from somebody else, but they will pay more attention to it."

Warren Buffett: "I have the ability, because of where I am in life, that people will listen to me — and they'll hear the same damn thing they would hear from somebody else, but they will pay more attention to it."

18,453 次观看

Charlie Munger: "You have to know the edge of your own competency." "I'm very good at knowing when I can't handle something."

Charlie Munger: "You have to know the edge of your own competency." "I'm very good at knowing when I can't handle something."

14,667 次观看

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Warren Buffett calls the 30-year mortgage "the best deal in the world" for buyers. "If you've got a 30-year mortgage, you can call off the deal [and refinance] ten minutes later. And if the bank has a bad deal, they're stuck with it for 30 years." (CNBC || 2023)

Warren Buffett calls the 30-year mortgage "the best deal in the world" for buyers. "If you've got a 30-year mortgage, you can call off the deal [and refinance] ten minutes later. And if the bank has a bad deal, they're stuck with it for 30 years." (CNBC || 2023)

Kevin Carpenter

759,496 次观看 • 12 天前

Apple CEO John Ternus on iPhone Duo. "We ship things when we're ready to ship them. Obviously, people have shipped foldable products before — [but] none of them, we felt, were particularly appealing." "It takes time to get it right — and we feel like we got it right."

Apple CEO John Ternus on iPhone Duo. "We ship things when we're ready to ship them. Obviously, people have shipped foldable products before — [but] none of them, we felt, were particularly appealing." "It takes time to get it right — and we feel like we got it right."

Kevin Carpenter

655,368 次观看 • 1 个月前

Charlie Munger: "I know a lot of rich people who left California. It's really stupid for a state to drive the rich people out. They're old. They keep your hospitals busy. They don't burden your schools, police departments, [or] prisons. They give a lot. Who wouldn't want rich people? I think Florida and Hawaii have both been very smart in the way they've recruited rich people." (CNBC || 2019)

Charlie Munger: "I know a lot of rich people who left California. It's really stupid for a state to drive the rich people out. They're old. They keep your hospitals busy. They don't burden your schools, police departments, [or] prisons. They give a lot. Who wouldn't want rich people? I think Florida and Hawaii have both been very smart in the way they've recruited rich people." (CNBC || 2019)

Kevin Carpenter

62,184 次观看 • 4 天前

Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old." "John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could." "When I was born, the dentist didn't use novocaine!"

Warren Buffett: "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old." "John D. Rockefeller was the richest man in the world and, today, you can get better medicine, better education, better entertainment, better transportation. You can do everything better than he could." "When I was born, the dentist didn't use novocaine!"

Kevin Carpenter

2,142,225 次观看 • 4 个月前

Warren Buffett: "All of these economists with 160 IQs who spend their life studying it, can you name me one super-wealthy economist who's ever made money out of securities?" "If you look at the whole history of them, they don't make a lot of money buying and selling stocks — but people who buy and sell stocks listen to them. I have a little trouble with that."

Warren Buffett: "All of these economists with 160 IQs who spend their life studying it, can you name me one super-wealthy economist who's ever made money out of securities?" "If you look at the whole history of them, they don't make a lot of money buying and selling stocks — but people who buy and sell stocks listen to them. I have a little trouble with that."

Kevin Carpenter

168,772 次观看 • 16 天前

Tim Cook: "Despite this table being so small, you could put every Apple product on it. Every single one that we ship today." "Most companies begin to do larger and larger and larger portfolios because it's so easy to add. It's hard to edit. It's hard to stay focused. Yet we know we'll only do our best work if we stay focused. The hardest decisions we make are all the things not to work on. There are lots of things we'd like to work on, that we have interest in, but we know that we can't do everything great." (Charlie Rose || 2014)

Tim Cook: "Despite this table being so small, you could put every Apple product on it. Every single one that we ship today." "Most companies begin to do larger and larger and larger portfolios because it's so easy to add. It's hard to edit. It's hard to stay focused. Yet we know we'll only do our best work if we stay focused. The hardest decisions we make are all the things not to work on. There are lots of things we'd like to work on, that we have interest in, but we know that we can't do everything great." (Charlie Rose || 2014)

Kevin Carpenter

446,615 次观看 • 1 个月前

Warren Buffett: "I have everything I want in life." "I could have ten houses instead of one. Would I be happier? No way. I could have ten cars instead of two. I wouldn't be happier. It would drive me crazy." "I could have a 400-foot boat and then I'd [need to] have a crew of fifty or sixty. Some of them would be stealing from me. Some would be sleeping together. Who knows what would be going on? If I wanted to be a ship's captain, I'd have gone into a different profession." (Charlie Rose Show || 2009)

Warren Buffett: "I have everything I want in life." "I could have ten houses instead of one. Would I be happier? No way. I could have ten cars instead of two. I wouldn't be happier. It would drive me crazy." "I could have a 400-foot boat and then I'd [need to] have a crew of fifty or sixty. Some of them would be stealing from me. Some would be sleeping together. Who knows what would be going on? If I wanted to be a ship's captain, I'd have gone into a different profession." (Charlie Rose Show || 2009)

Kevin Carpenter

1,244,057 次观看 • 3 个月前

Charlie Munger: "The director's table in the Heinz Corporation cost $600,000. The director's table at Costco cost about $300. They are different places [with] different ethos." "If you get fat like that, somebody like 3G comes along and says, 'I want to buy you and cut you back to normal.'" "Of course, it's possible to over-cut — but my guess is there's a lot of fat in our successful places." (Daily Journal AGM || 2022)

Charlie Munger: "The director's table in the Heinz Corporation cost $600,000. The director's table at Costco cost about $300. They are different places [with] different ethos." "If you get fat like that, somebody like 3G comes along and says, 'I want to buy you and cut you back to normal.'" "Of course, it's possible to over-cut — but my guess is there's a lot of fat in our successful places." (Daily Journal AGM || 2022)

Kevin Carpenter

1,358,810 次观看 • 4 个月前

Charlie Munger: "Nowadays, every director at a big company gets $300,000 a year — and everybody thinks we've arranged all this wonderful independence. A man who needs $300,000 extra a year as a director is not independent. The one thing you can guarantee is he'll try and stay a director. I don't think that's an ideal system."

Charlie Munger: "Nowadays, every director at a big company gets $300,000 a year — and everybody thinks we've arranged all this wonderful independence. A man who needs $300,000 extra a year as a director is not independent. The one thing you can guarantee is he'll try and stay a director. I don't think that's an ideal system."

Kevin Carpenter

1,377,354 次观看 • 4 个月前

Warren Buffett: "If we ever get an economics department at Berkshire, sell the stock short." "What do they do [in a bank's economics department]? If the guy comes in and says, 'I think GDP will be 4.6% this year instead of 4.3%,' so what?"

Warren Buffett: "If we ever get an economics department at Berkshire, sell the stock short." "What do they do [in a bank's economics department]? If the guy comes in and says, 'I think GDP will be 4.6% this year instead of 4.3%,' so what?"

Kevin Carpenter

116,278 次观看 • 13 天前

John Ternus: "When I started [at Apple], the way we tended to make products was we were using technologies from other companies and we were effectively building the product around that. We made these beautiful products, but they were constrained by what was available. One of the most — if not the most — profound change at Apple over the last 20 years is how we now do so many of the technologies in-house. Top of the list, of course, is our silicon." (CNBC || 2023)

John Ternus: "When I started [at Apple], the way we tended to make products was we were using technologies from other companies and we were effectively building the product around that. We made these beautiful products, but they were constrained by what was available. One of the most — if not the most — profound change at Apple over the last 20 years is how we now do so many of the technologies in-house. Top of the list, of course, is our silicon." (CNBC || 2023)

Kevin Carpenter

207,005 次观看 • 25 天前

John Ternus on Apple Silicon. "It enabled us to build some products that we previously just wouldn't have been able to do." "There's no way we would have been able to build a 15-inch product that really felt like a MacBook Air without Apple Silicon [and] that efficiency." (CNBC || 2023)

John Ternus on Apple Silicon. "It enabled us to build some products that we previously just wouldn't have been able to do." "There's no way we would have been able to build a 15-inch product that really felt like a MacBook Air without Apple Silicon [and] that efficiency." (CNBC || 2023)

Kevin Carpenter

198,701 次观看 • 27 天前

Charlie Munger: "I always liked the story of P.J. O'Rourke, who said, 'The last Communist dictator of Albania was a pure Communist. He threw out the Russian embassy because they'd lost the pure faith. Then he kicked out the Chinese Communists because they'd lost the pure faith. Finally, he was only comfortable with two places in the world. One was the Communist dictator of North Korea and the other was the English department at Yale.'" 🤣 "There is a lot of extreme craziness in some of the liberal arts — and they select people who share their craziness." (Caltech || 2008)

Charlie Munger: "I always liked the story of P.J. O'Rourke, who said, 'The last Communist dictator of Albania was a pure Communist. He threw out the Russian embassy because they'd lost the pure faith. Then he kicked out the Chinese Communists because they'd lost the pure faith. Finally, he was only comfortable with two places in the world. One was the Communist dictator of North Korea and the other was the English department at Yale.'" 🤣 "There is a lot of extreme craziness in some of the liberal arts — and they select people who share their craziness." (Caltech || 2008)

Kevin Carpenter

428,983 次观看 • 2 个月前

Warren Buffett: "Interest rates are the basis of all value." "If you knew interest rates were going to be zero for a hundred years, you would think 1% was a great rate of return. But you also would know if you bought something yielding 1% and rates went to 8%, you'd lose practically all of your capital." "It's an enormous factor, [but] we don't know the answer." (CNBC || 2020)

Warren Buffett: "Interest rates are the basis of all value." "If you knew interest rates were going to be zero for a hundred years, you would think 1% was a great rate of return. But you also would know if you bought something yielding 1% and rates went to 8%, you'd lose practically all of your capital." "It's an enormous factor, [but] we don't know the answer." (CNBC || 2020)

Kevin Carpenter

622,947 次观看 • 3 个月前

Warren Buffett: "The whole Walt Disney Company was selling for $80 million in 1966, debt-free. $4 million bought us 5% of the company. They spent $17 million on the Pirates [of the Caribbean] ride. Here was a company selling at less than 5x rides — and they had a lot of rides!"

Warren Buffett: "The whole Walt Disney Company was selling for $80 million in 1966, debt-free. $4 million bought us 5% of the company. They spent $17 million on the Pirates [of the Caribbean] ride. Here was a company selling at less than 5x rides — and they had a lot of rides!"

Kevin Carpenter

2,180,628 次观看 • 10 个月前

Peter Lynch: "People are very careful — they spend hours to get $50 off an airplane flight. They look at everything. And [then] they'll put $10,000 in some crazy stock they heard about on the bus."

Peter Lynch: "People are very careful — they spend hours to get $50 off an airplane flight. They look at everything. And [then] they'll put $10,000 in some crazy stock they heard about on the bus."

Kevin Carpenter

1,361,303 次观看 • 7 个月前

Warren Buffett: "[Gambling] is a tax on stupidity." "Rich people love [legalized gambling] because they don't have to pay. To the extent that states raise money from people who the dollar really means something to them, it actually relieves the taxes on me or other rich people. It's not direct, but it's the net effect." "I don't like things that make a sucker out of people. I don't think the function of the government is to play its people for suckers."

Warren Buffett: "[Gambling] is a tax on stupidity." "Rich people love [legalized gambling] because they don't have to pay. To the extent that states raise money from people who the dollar really means something to them, it actually relieves the taxes on me or other rich people. It's not direct, but it's the net effect." "I don't like things that make a sucker out of people. I don't think the function of the government is to play its people for suckers."

Kevin Carpenter

941,991 次观看 • 5 个月前

Charlie Munger: "One of my favorite tricks is the inversion process." "If somebody hired me to fix India, I would immediately say, 'What could I do if I really wanted to hurt India?' I'd figure out all the things that could most easily hurt India — and then I'd figure out how to avoid them." "It works better frequently to invert the problem."

Charlie Munger: "One of my favorite tricks is the inversion process." "If somebody hired me to fix India, I would immediately say, 'What could I do if I really wanted to hurt India?' I'd figure out all the things that could most easily hurt India — and then I'd figure out how to avoid them." "It works better frequently to invert the problem."

Kevin Carpenter

1,040,204 次观看 • 7 个月前

Warren Buffett: "I would suggest that anybody who's CEO of a bank that screws up and costs shareholders a lot of money, that in effect they get no pension from the bank. They go back to living like a person who works on the production line at Ford. They don't deserve anything special." "In 2008, all kinds of trouble was caused by the banks — but the CEOs who made those decisions all continued to live fine. They may have lost their job, but they get their pensions. They bore no responsibility." "I had some friends in banking, but I may not have any by the time this program is over." 🤣 (CNBC || 2023)

Warren Buffett: "I would suggest that anybody who's CEO of a bank that screws up and costs shareholders a lot of money, that in effect they get no pension from the bank. They go back to living like a person who works on the production line at Ford. They don't deserve anything special." "In 2008, all kinds of trouble was caused by the banks — but the CEOs who made those decisions all continued to live fine. They may have lost their job, but they get their pensions. They bore no responsibility." "I had some friends in banking, but I may not have any by the time this program is over." 🤣 (CNBC || 2023)

Kevin Carpenter

61,948 次观看 • 13 天前

Warren Buffett: "I am willing to spend $100 billion this afternoon." "I would rather have $100 billion in a really good business bought at a sensible price than have $100 billion in cash." "Cash — at certain levels — is necessary. But cash is not a good asset."

Warren Buffett: "I am willing to spend $100 billion this afternoon." "I would rather have $100 billion in a really good business bought at a sensible price than have $100 billion in cash." "Cash — at certain levels — is necessary. But cash is not a good asset."

Kevin Carpenter

1,131,918 次观看 • 8 个月前