For episode 20, our guest is Alex Morris, founder of TSOH Investment Research and author of the newly released book Buffett and Munger Unscripted: Three Decades of Investment and Business Insights from the Berkshire Hathaway Shareholder Meetings. Before starting his own firm, Alex spent a decade as a buy-side analyst. He earned both his undergraduate degree and MBA from the University of Florida and is a CFA Charterholder.

We sat down to talk about his new book, which pulls together decades of insights from Warren Buffett and Charlie Munger. It is organized by topic and covers everything from investing and business operations to decision-making, leadership, and more. A lot of what’s in the book goes beyond investing. It applies to how you think, work, and live.

We talked about what drew us to their work and the different themes Alex uncovered while writing the book. We also discussed why so many have been drawn to Buffett and Munger over the years- it is not just because of their returns, but because of how clearly and authentically they communicated. They stuck to an approach that worked for them but never stopped learning and evolving, even after achieving massive success.

Alex and I also discussed how their thinking has shaped his investment approach, what it was like to take the leap and start his own research firm, and why many of their core lessons tie closely to our own Foundations of Investing. We talked about some of the common misconceptions too. These guys aren’t just two old, rich stock pickers with clever quotes and some Midwestern charm. They’re two of the best strategic thinkers of our time, and their business insights can help cut through the noise and stay focused on what really matters at a time when that is incredibly hard to do.

Whether you’re a longtime follower of Warren and Charlie or just curious to learn more, this conversation is full of practical wisdom. In a world that’s increasingly focused on the short term, the lessons in this book offer a real edge—whether you’re thinking about investing, your business, your career, or your life.

With the 2025 Berkshire Hathaway meeting coming up this weekend, the timing couldn’t be better. Big thanks to Alex for joining us, and we hope you enjoy the episode.

As advisors, we help clients navigate life’s big decisions by asking the right questions, not rushing to provide answers or relying solely on spreadsheets and algorithms. Our podcast began with a simple idea: to interview business owners, high performers, and industry leaders about the pivotal decisions that shaped their lives.By exploring these “inflection points,” we aim to share real-life stories and offer insight into the types of conversations we have with clients. Nineteen episodes in, we’re embracing this concept further by renaming it Inflection Points. Each episode will highlight how people became financially resilient, took risks, pursued their interests, and become more focused on what truly matters. By sharing these stories, we hope to inspire others to navigate their own "inflection points" and create space for more great stories to unfold.Who is this episode for?This episode is for anyone considering a major career move or life change in 2025. It’s especially relevant for those feeling unfulfilled in their careers but unsure of what to do next.What is this episode about?Khe Hy and Lou Marchetti may seem like opposites at first, but their journeys share common threads. Khe’s story began with his parents arriving in New York City from Cambodia with $500. A top student and avid “Magic: The Gathering” player growing up, Khe studied Computer Science and Economics at Yale and quickly rose through the ranks on Wall Street, becoming one of BlackRock’s youngest managing directors. Yet, he walked away from it all with no plan after realizing he was “comfortably numb”. Now, over a decade later, he surfs daily and shares insights on lasting career and life satisfaction through his company, RadReads (his newsletter has over 50,000 subscribers). Dubbed the “Oprah for Millennials,” Khe helps ambitious professionals rethink how to get what they want out of life.Lou, in contrast, grew up the “All-American” kid from a big family in Nashville, excelling in sports—eventually walking on and starting for The University of North Carolina football team. With a degree from Wharton and a career spanning investment banking, private equity and foreign policy, Lou thought he checked every box of what being “successful” meant. But in 2019, his constantly hard-charging lifestyle caught up with him when he collapsed in a gym and nearly died. Later fired from his job at Vista Equity Partners, Lou is now navigating a major life transition.In this episode, Khe and Lou share how they each faced “identity earthquakes” that forced them to reevaluate their lives and what was important to them. They talk about the challenges of leaving the “money game” in search of deeper fulfillment. Their stories highlight the pressures of maintaining an image, stepping away from the hamster wheel of chasing wealth without a purpose, and practical steps and questions they asked themselves as they work towards building more meaningful lives. This was an incredible conversation filled with honesty and wisdom. Thank you to Khe and Lou for sharing their stories authentically. We hope you enjoy it!