Bill Brewster, host of The Business Brew, joins us for a candid conversation about the mental toll of stock picking and his evolution from "cigar butt" value investing to quality compounders. We dive deep into his sharp criticism of Disney CEO Bob Iger, debate whether Berkshire Hathaway is facing a "conglomerate discount" after its recent management shakeup, and discuss why sometimes the best investing strategy is simply admitting you might be the "dumbest person in the room."

00:24 Introducing the Guest: Bill Brewster

00:50 Bill's Investment Philosophy

04:05 Frameworks vs. Rules in Investing

06:59 Evolving as an Investor

11:01 David Gardner's Influence

18:18 Goals vs. Incentives in Investing

24:03 Building a Robust Investing Framework

24:27 Traits of Quality Enterprises

26:18 Economic Moats and Management Insights

27:45 Disney's Leadership and Strategic Shifts

32:58 Berkshire Hathaway's Future Leadership

Companies mentioned: BN, BRK.B, CLPT, COST, DIS, FAST, GIS, JPM, MCD, MELI, NFLX, OLN, OXY, PM, SHOP, WBD, WMT

*****************************************

Check out The Business Brew: https://www.thebusinessbrew.com/

*****************************************

Join our Patreon

Subscribe to our portfolio on Savvy Trader

*****************************************

Email: investingunscripted@gmail.com

Twitter: @InvestingPod

Check out our YouTube channel for more content:

******************************************

To get 15% off any paid plan at fiscal.ai, visit https://fiscal.ai/unscripted

******************************************

Listen to the Chit Chat Stocks Podcast for discussions on stocks, financial markets, super investors, and more. Follow the show on Spotify, Apple Podcasts, or YouTube

******************************************

The Smattering Six

2025 Portfolio Contest

2024 Portfolio Contest

2023 Portfolio Contest