Ep 1: Think Like an Owner - Business Lessons, Warren Buffett & the Changing Fed

What does it actually mean to think like a business owner—and why should investors learn to do the same? In the first episode of Fundamentals Unfiltered, Matt and Louie dig into the mindset behind successful business ownership, using Warren Buffett’s approach to management as a starting point. They explore the gap between owning a business and truly thinking like an owner, why incentives matter, lessons they’ve learned from their own business experience, and why a business that doesn’t work on paper probably won’t work in the real world. Then, they turn to the Federal Reserve and Kevin Warsh’s changing approach to Fed communication. Matt breaks down what the Fed actually controls, the role of interest rates and inflation expectations, why the 10-year Treasury matters so much to consumers and businesses, and what changes at the Fed could mean for investors and credit markets. In this episode: What Warren Buffett means by “thinking like an owner” Why managers and owners can have very different incentives Lessons from real-world small business ownership Why cost structure matters—especially in cyclical businesses What the Federal Reserve actually does The difference between short-term Fed policy and longer-term interest rates Why the 10-year Treasury matters for mortgages and borrowing Kevin Warsh’s approach to Fed communication What investors and business owners should understand about interest rates Fundamentals Unfiltered is a weekly podcast from Fundamental Investing Institute, hosted by Matt and Louie. Learn more and explore Fundamental Investing Foundations at fiilearn.com under courses. For educational purposes only. Nothing discussed in this podcast should be considered individualized investment, financial, tax, or legal advice.