In this episode of Becoming Berkshire, we continue through 1971 with George Goodman’s Supermoney and the investing philosophy that shaped Warren Buffett.

Benjamin Graham gave Buffett the foundation: margin of safety, Mr. Market, intrinsic value, and the discipline to avoid permanent loss of capital. But investments like American Express and Disney showed the first signs of Buffett’s evolution from buying cheap stocks to recognizing the value of great businesses.

This episode explores Graham’s influence, Buffett’s partnership years, and the early bridge between cigar-butt investing and franchise value.