Do you know why #Warren #Buffett (the greatest stock market investor) of all time is super #rich and you are not? Today's video shares exactly why. More importantly, I share things that are in YOUR control that you can do TODAY to be more like Warren Buffett. Learn how to become a better investor by aligning yourself with Warren Buffett's stock market strategy. I'm also excited in today's video to go into a deep dive balance sheet investigation for GM, a dividend growth stock that some members of the community like. 0:00 Intro
0:37 It is not possible to replicate all of Warren Buffett's best practices, but there are certain things you can do to mirror Warren Buffett.
0:58 We can all read 10-K and 10-Q reports (the fine print) like Warren Buffett. I'm not talking about the shareholder letter!
2:33 Warren Buffett works very hard! Here's how he does it and here's how I do it!
3:21 Warren Buffett had famous mentors like Benjamin Graham.
4:26 Here's what Warren Buffett does that you cannot do.
6:12 I got a really cool question about General Motors (GM) after my last dividend investing video. I'm going to answer this question in today's video.
9:38 Here's how a real bank works (in the real estate world).
10:35 I am using the term bank very loosely when I talk about auto companies. This is different than loaning on real estate.
12:20 I embraced my inner Warren Buffett and went into the annual report for GM.
13:32 The balance sheet is on page 51.
15:34 Huge liabilities related to GM Financial (substantially larger than assets related to GM Financial).
16:39 Page 67 – Note 5
17:13 Fair value of GM Financial Receivables
19:14 I spent a lot of time on this research – just like Warren Buffett. There are no shortcuts!
21:21 Page 73 – Note 11 – This is VERY important
24:02 Here's how Warren Buffett reads the fine print.
29:06 Assets and Liabilities – Shareholder's equity could turn negative, easily.
30:20 Do the work!
31:36 Thug Life moment
Here's a link to GM’s 2018 annual report (10-K) so you can follow along at home:
Please note that the balance sheet is on page 51, note 5 is on page 67, and note 11 is on page 73. These are the three key pages I discuss in today's dividend investing video.
If you want a little more background on GM and the auto industry, make sure to check out my last video:
(Timestamps in description.)
As mentioned in today's video, I have been a little critical of Kraft-Heinz (KHC), and investment of Warren Buffett:
And, OXY too:
DISCLOSURE: I am long Caterpillar (CAT). I own this stock in my stock portfolio.
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