Winamp Logo
InvestED: The Rule #1 Investing Podcast Cover
InvestED: The Rule #1 Investing Podcast Profile

InvestED: The Rule #1 Investing Podcast

English, Financial News, 1 season, 463 episodes, 4 days, 23 hours, 15 minutes
About
Phil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week. Subscribe and leave a review. Questions? Email [email protected].
Episode Artwork

462- A Third Kind of Capital

Free cash flow can be a golden ticket in the hands of a company with the right leadership. They can use it to supercharge innovation, expand their reach, or reward shareholders with dividends or buybacks, and for value investors, it’s like spotting a diamond in the rough. After the growth and maintenance expenditures are accounted for, the way a company deploys its additional capital can signal the strength of management and the potential for future returns. As Buffett tells us in his recent letter, once you’ve got companies that check all of the boxes he’s looking for, this is the icing on the cake. Join Phil and Danielle as they continue their analysis of this year’s shareholder letter from Berkshire Hathaway, pulling out key takeaways that might’ve been overlooked by some readers. For help in crunching the numbers in your investment research process, click here to get your free Rule #1 Calculators for Investing Analysis: https://bit.ly/42dBHSn Topics Discussed: Individual values in investing Entrepreneurship See’s Candy Operating cash flow Growth/maintenance capital expenditure Rare companies Resources Discussed: Berkshire Hathaway shareholder letter Learn more about your ad choices. Visit megaphone.fm/adchoices
4/12/202437 minutes, 28 seconds
Episode Artwork

461- Buffett's Bertie

As detailed in the most recent edition of Berkshire Hathaway’s annual shareholder letter, finding success in value investing doesn’t require fancy credentials, obsessive research, or exploitative scheming — it takes common sense and the willingness to keep yourself informed about your investments. In a world full of people rabidly vying for your attention in every imaginable arena, knowing how to focus that attention on what’s important while weeding out the noise of the pundits and snake oil salesmen is what separates successful investors from the rest of the pack. In this week’s show, Phil and Danielle get a bit more granular on the most recent Berkshire Hathaway shareholder letter and discuss what separates Bertie Buffett from her competition. To get the inside scoop on more ways industry leaders mislead investors, click here for your free copy of The 3 Greatest Stock Market Myths Ever Told: https://bit.ly/45NycoE Topics Discussed: Flashy and half-baked or simple and flawless Simplifying the research process Snowboarding lessons for investing Typical CEO letters Punditry vs information Resources Discussed: Berkshire Hathaway shareholder letter Learn more about your ad choices. Visit megaphone.fm/adchoices
3/27/202433 minutes, 41 seconds
Episode Artwork

460- Heliski, Brands, and Buffett

“Character reveals itself in adversity” is a saying that can not only apply to the human race and how our true nature shines through when faced with a challenge, but also one that can apply in the business world. Although brand loyalty can be a common trope in 21st century consumer culture, how does that sentiment hold up when the rubber meets the road? In these times of inflation, shrinkflation, and other types of -ations that we’ve yet to ascribe catchy names to, some brands are seeing once-loyal customers jump ship and look for better value as prices rise. While some brand relationships can’t stand the test of time, perhaps we can look to the long-lasting friendship and business partnership of Warren Buffett and Charlie Munger for inspiration. In this week’s episode, Phil and Danielle are back to talking from different continents (and dealing with the inherent technological mishaps of that setupt) as they discuss what constitutes a brand moat, and how strong that supposed moat can be in moments of economic instability. Think you know Warren Buffett as well as the people who’ve spent decades building Berkshire Hathaway with him? Take our Buffett quiz and find out for yourself: https://bit.ly/43qtOLz Topics Discussed: Jackson Hole, WY Heliskiing/snowboarding Unilever dumps Ben & Jerry’s Brand moats Buffett and Munger’s friendship Resources Discussed: Cambridge Long COVID study Berkshire Hathaway shareholder letter Learn more about your ad choices. Visit megaphone.fm/adchoices
3/22/202435 minutes, 34 seconds
Episode Artwork

459- FROM THE VAULT: Reducing Basis With Dividends

In a vault episode from the early days of the podcast, explore the world of value investing in this as Phil and Danielle delve into the power of dividends. Discover how making well-researched, long-term investments can potentially amplify returns and provide a steady income stream. They discuss the strategy of reducing risk by 'getting your money off the table' through dividend-producing companies. But remember, while dividends offer stability and returns, they're not without their tradeoffs. We'll uncover the complexities of managing dividend-paying companies and navigating potential risks. Tune in to learn how to strike the balance between steady returns and prudent risk management in your value investment journey. Keep in mind the Rule #1 that’s the namesake of Phil’s company: “don’t lose money.” Click here for a deeper examination of that rule that’s helped so many value investors over the years: https://bit.ly/43jTNEr Topics Discussed: Weather Matrix Ben Graham’s Margin of Safety RULERS Compound return Free cash flow (FCF) Maintenance capex Resources Discussed: Berkshire Hathaway shareholder letter Email us your questions! Learn more about your ad choices. Visit megaphone.fm/adchoices
3/14/202433 minutes, 54 seconds
Episode Artwork

458- FROM THE VAULT: Checklist Inversion

"Invert, always invert" — Charlie Munger To become a top-notch Rule #1 investor, having a well-defined investing strategy is essential. It starts with crafting a compelling narrative for the company you're eyeing and understanding why it's a stellar investment. But here's the twist: flip that narrative on its head and scrutinize the opposing viewpoint. Challenge yourself to construct a case against the investment. If you can't, it's a sign that you might lack comprehensive knowledge about the company. When applying inversions to business acquisitions, consider formulating a robust inversion for every reason supporting the purchase. Familiarize yourself with every argument against buying the company, surpassing even the short sellers' insights. Develop compelling rebuttals for each inversion, effectively nullifying them and proving the short sellers wrong! Join Phil & Danielle in this throwback episode as they delve into the significance of inversion and highlight four essential aspects to contemplate when integrating it into your investing strategy. Click here for your copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUAR Topics Discussed: How to create a story Why you should always invert How to invert to own a business Four key points of inversions Relating to Chipotle and Gamestop Learn more about your ad choices. Visit megaphone.fm/adchoices
3/6/202439 minutes, 6 seconds
Episode Artwork

457- Stop the Insanity

In the practice of value investing, just like with so many other things in life, knowing when to wait patiently or when to jump ship is critical to the long-term success of your portfolio. Being able to stomach market fluctuations isn’t something that everyone is capable of, but the mindset of buying into a business with long-term goals of generating cash flow means buying with the confidence that you’ll be able to weather the storms that may, and often do, come your way. As the series on the Weather Matrix continues, Phil and Danielle discuss the importance of being in the “high understanding” quadrant of this tool as you consider potential investments and how that position makes it easier for you to decide what to buy and what to reject. For a leg up on practices for generating consistent returns, click here for your free copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3ros8mU Topics Discussed: The power of compounding Vanderbilts vs Rockefellers Owner earnings Investments vs speculation Inverting Durable competitive advantage Pitch decks Resources Discussed: David Einhorn’s pitch decks Learn more about your ad choices. Visit megaphone.fm/adchoices
2/20/202435 minutes, 33 seconds
Episode Artwork

456- Buy Side Weather Matrix

Is there a limit to how much an investor should know about a potential investment? While it can seem like there’s an infinite amount of relevant considerations for any given business, the ability to discern the difference between important information and extraneous data is an indispensable tool in the investor’s kit. If jumping into the deep end of the S&P 500 seems like a daunting proposition, keeping your investing practice focused on a smaller scale can make the process of understanding “the weather” a much more manageable task. Keeping the boundaries of your research close to the boundaries of your own circle of competence can go a long way in terms of keeping the process from being overwhelming. This week we join Phil and Danielle in a continuation of this series discussing their idea of business meteorology, a topic that has utility for everyone from investing novices to the most seasoned of financial forecasters. To get started on your own Weather Matrix, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Investing circle of confidence Intimidation in the research process Buffett on taking advantage of the moment Spotting warning signs Netflix vs. other streamers Resources Discussed: The Weather Matrix (value/understanding) Learn more about your ad choices. Visit megaphone.fm/adchoices
2/13/202430 minutes, 17 seconds
Episode Artwork

455- Weather Matrix Part 2

Last week, the episode was centered around a tool for evaluating potential investments based on the myriad factors impacting their current performance and future trajectories, a topic that our hosts dubbed “the weather” of a business. While having a handle on a company’s worth and a clear gauge on one’s own understanding are both vital in making investment decisions, what other factors can—or should—influence the process? The fundamental feeling of excitement or intrigue can be a divining rod in terms of pursuing investment opportunities, and though it can be easy to get caught up in the hype of compelling new prospect, it’s also important to remember that interest can be a powerful motivator when faced with a formidable research project. Join Phil and Danielle as they venture further into the grid of their Weather Matrix, and learn how to find your own sweet spot when it comes to investing your time into researching investments. For help in identifying opportunities and constructing your own Weather Matrix, click here for a free copy of 6 Market Crushing Investing Principles: https://bit.ly/45szJ2v Topics Discussed: Buffett’s mistakes Buffett’s mistakes cont. The value of intrigue in investing Speed reading Toxic positivity Stoicism Resources Discussed: The Weather Matrix (value/understanding) The Innovation Stack Seeking Alpha The Storyteller Man’s Search For Meaning Invested Learn more about your ad choices. Visit megaphone.fm/adchoices
1/30/202430 minutes, 50 seconds
Episode Artwork

454- Weather Matrix

The 21st century has brought the world a number of revolutionary developments that have turned the world on its head, with one of the most important cultural shifts being the rise of the attention economy. With so many entities all vying for a piece of your time, how can you know when you’re spending too much of that limited resource on your investing research? With decades of investing experience and a bit of basic mathematics, Phil explains a tool to classify companies into four groups based on their price/value ratio and the investor’s understanding of the business. If you find yourself getting bogged down or stuck in the weeds on your investing journey, this method could be the thing you need to streamline your research. For more help calculating the ever-important metric of price vs value, get your free copy of Understanding Market Capitalizatin: https://bit.ly/44p1xE9 Topics Discussed: How much effort is too much effort? Accumulation of knowledge Price/value discrepancies Being prepared to “weather the storm” How to capitalize on market downturns Importance of repetition Resources Discussed: The Weather matrix Learn more about your ad choices. Visit megaphone.fm/adchoices
1/25/202433 minutes, 53 seconds
Episode Artwork

453- The Weather- Numbers Almost Enough

Following up on last week’s discussion about the “weather” of a business, or how the climate of various internal and external factors can influence the long-term success of your prospective investment. With so much data available at our fingertip, how can we know what information is useful for research and what can safely be left out of our analyses? Whether you’re looking into a company’s direct competitors or doing a bird’s eye view of a whole market sector, knowing when to go deeper vs when to stop digging is an incredibly useful skill to have in the world of 21st century global finance. For the value investor, the ability to reliably ascertain the value of a business is crucial for finding the right moment for a good deal. Listen in this week as Phil and Danielle ponder the age old question of “what is enough?” When it comes to your investments, where is the magic line between being adequately informed and wasting your time? For a better understanding of a business’s future success, click here to get your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Being paralyzed by the research process Netflix growth issues Evaluating a business’s moat Instinct in the investing process Change vs stability Resources Discussed: Invested Learn more about your ad choices. Visit megaphone.fm/adchoices
1/18/202434 minutes, 45 seconds
Episode Artwork

452- The Weather

For our first full episode of the new year, Phil and Danielle are reunited to talk about the various factors of a business’s climate that can help better understand where their weather will take them in the future. From government overregulation to corporate mismanagement, there are risks inherent to investing that we can identify and include in our analysis for a more complete picture of the economic landscape. Staying current with the news doesn’t just make for a good citizen, but a good investor as well. Join our hosts as they discuss Argentina, Medicare, CEO compensation, and why all of those should matter to the value investor of the 21st century. If you want to start the new year on the right foot, get your free copy of Map Out Your Investing Journey to mark your progress and plan for the future:  https://bit.ly/3DTy4qN Topics Discussed: Inherent risks of investing S&P 500 and other market indices SEC rules Argentina/USA in the 20th century and today Governmental influence in economics GM borrowing to pay dividends Clinton’s executive pay reform When to stop researching (more next week) Resources Discussed: Invested Learn more about your ad choices. Visit megaphone.fm/adchoices
1/15/202433 minutes, 14 seconds
Episode Artwork

451- Happy New Year!

As we get all of our 2024 ducks in a row, Danielle checks in to share some positive vibes for the upcoming year and offer a quick toast to prosperity and successful investing in 2024. While it's a short break from our regular programming, it's a moment to celebrate the journey we've taken together and the exciting opportunities that lie ahead. To start your new year by planning for the ones to come, click here to get a free copy of our “Rule of 72” Cheat Sheet and gain a better understanding of retirement planning: https://bit.ly/47awVb6 Learn more about your ad choices. Visit megaphone.fm/adchoices
1/11/20243 minutes, 37 seconds
Episode Artwork

450- FROM THE VAULT: The Fed & Inflation (Part 1)

Happy 2024 to all InvestED listeners! While our hosts enjoy the holidays, we’re opening a year by going back to January of 2022 for a discussion about interest rates. With word of rate cuts on the horizon, how different are things now from when inflation was still climbing rapidly? Understanding the Federal Reserve's interest rate maneuvers and their correlation with inflation is vitally important for assessing investment opportunities. The intricate dance between interest rates and the economy can impact borrowing, spending, and investment behaviors, so it’s crucial to keep up with the Fed’s moves in order to plan ahead. To stay prepared for any changes in inflation or to the market as a whole, claim your FREE copy of the Rule #1 12-Month Planner: https://bit.ly/31ImPCl  Topics Discussed: Inflation The future of the economy & markets Supply & labor bottlenecks Wage increase Substitution Resources Discussed: Federal Reserve Economic Data (FRED) FRED M1 Chart Shadowstats Learn more about your ad choices. Visit megaphone.fm/adchoices
1/5/202425 minutes, 8 seconds
Episode Artwork

449- Charlie

On this bittersweet episode of InvestED, Phil and Danielle come together after taking some time to reflect on the impact of Charlie Munger, both in the financial world as well as in their own personal lives and investing journeys. The loss of such a magnanimous figure will surely leave a void in the value investing community, but as Li Lu penned in his eulogy for Munger (link below), the man’s contributions to the collective understanding of investing practice will be felt utilized and pored over for generations to come. Looking back on a life of great successes, philanthropy, and pithy wisdom that has inspired so many great investors to reach new heights, we have nothing to add. For help following Charlie’s process of finding new companies to invest in, click here for Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje Topics Discussed: Investing as enlightenment Munger’s aphorisms EBITDA Modern Portfolio Theory Resources Discussed: Li Lu’s eulogy for Charlie Munger Autobiography of a Yogi Munger’s BBC interview Learn more about your ad choices. Visit megaphone.fm/adchoices
12/20/202327 minutes, 23 seconds
Episode Artwork

448- FROM THE VAULT: Charlie Munger’s 3 Ways to Build a Great Portfolio

We dig deep into the vault this week, going all the way back to 2018 to revisit one of our Charlie Munger-centric episodes. Phil and Danielle delve into the lesser-known strategies of the late great “Abominable No-Man,” revealing the hidden gems that can transform an ordinary investment portfolio into a stellar one. Join us as we explore the wisdom of investment gurus, uncover the power of "cannibal companies," and unearth the untapped potential of valuable spin-offs. As we look back on the life and lessons of one of the investing world’s heavyweights, we learn how these insights can elevate your returns to an entirely new level of success. For more ways to bolster your portfolio, click here for your free copy of the Rule #1 Must Have Investing Checklist: https://bit.ly/49bSWZ7 Topics Discussed: Net-net investing Cannibal companies Apprenticeship Resources Discussed: Security Analysis You Can Be a Stock Market Genius Avatar DanielleTown.com Learn more about your ad choices. Visit megaphone.fm/adchoices
12/14/202340 minutes, 55 seconds
Episode Artwork

447- Thank You, Charlie Munger

The podcast is taking a break this week, but Danielle checks in briefly to share her thoughts on the loss of one of the investing world’s titans as Berkshire Hathaway’s Charlie Munger passed away this week at the age of 99. Rule #1 owes a debt of gratitude to Charlie and the wisdom he’s contributed to the investing community over the past several decades. The legacy he leaves behind—from his outsized impact on the business world to the Mungerisms he was so fond of sharing—will be irreplaceable to those who looked to his guidance in their practice of value investing. For a peek into some of the sharpest minds that the field of investing has to offer, click here for Rule #1’s free guide to The Best Investors in the World: https://bit.ly/3DhbmIS Topics Discussed: Charlie Munger Learn more about your ad choices. Visit megaphone.fm/adchoices
12/6/20232 minutes, 38 seconds
Episode Artwork

446- Grateful

Venturing into investing often feels nerve-wracking due to uncertainties in financial markets and the fear of potential losses. Value investing, when done properly, stands out as a reliable approach due to careful assessment of the true worth and long-term growth potential of investments. By conducting thorough research and understanding the genuine value of investments, value investing offers a sense of security that traditional trading cannot. It's a method rooted in solid evaluation, making it a less intimidating option for those uneasy about the inherent unpredictability of investing and seeking a more stable approach. This week, Phil and Danielle follow up the Thanksgiving holiday with a discussion on the importance of having a grateful attitude, and how being cognizant of the advantages and resources available to many who venture into this practice can have a positive effect on your mental (and financial) well-being. If you’re feeling hesitant to take the plunge into the world of value investing, don’t miss your free copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUAR Topics Discussed: Fears about investing Retirement planning Swiss vs American social programs Societal factors impacting social mobility Ben Graham Value investing’s track record Importance of being grateful The power of the internet in investing Internet deserts Resources Discussed: A Random Walk Down Wall Street Starlink Learn more about your ad choices. Visit megaphone.fm/adchoices
11/28/202332 minutes, 19 seconds
Episode Artwork

445- Turkey Day!

This week’s brief check-in comes as Americans in the US and around the world prepare for one of the country’s greatest traditions, Thanksgiving Day. Families everywhere are braving busy airports, clogged interstates, and crowded kitchens as they come together to give thanks, eat large amounts of food, and digest in front of the annual gridiron classics. We here at InvestED want to wish all of our listeners a safe and happy Thanksgiving break, and Phil and Danielle will be back next week to discuss food comas and all sorts of topics related to the exciting world of value investing. To catch up on all of the must-listen episodes from our back catalog and get better connected to the world of Rule #1 Investing, click here for the Best of InvestED: https://bit.ly/3MUOiFn Topics Discussed: Thanksgiving traditions for expats Food traditions Solo holiday tips Learn more about your ad choices. Visit megaphone.fm/adchoices
11/21/20234 minutes, 52 seconds
Episode Artwork

444- Catastrophic Mistake

What exactly constitutes a “mistake” when it comes to your investing practice? Is it any time a company doesn’t pan out the way you thought it would, or is it simply when something causes you to break Rule #1 and lose money? While fear of being “wrong” on a position can be paralyzing for some, being willing and able to adapt to constantly shifting market conditions is a must for anyone looking to wade into the world of investing. This week, Phil and Danielle talk about what it means to “get it wrong” in your investment practice and how that should (or shouldn’t) influence your decision-making process. For more thought-provoking or debate-inspiring quotes from one of the world’s best investors, click here for the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL Topics Discussed: Durable competitive advantage Mistakes vs. normal market occurrences Investing mindset Fear of failure in investing Understanding and preparing for risk Resources Discussed: Rule #1 Investing Learn more about your ad choices. Visit megaphone.fm/adchoices
11/14/202338 minutes, 1 second
Episode Artwork

443- Key Man

Founders are vital to a company's success due to their passion, deep understanding of the business, and ability to make agile decisions. Their personal stake in the company aligns their interests with shareholders, fostering commitment to long-term value creation. For investors, recognizing the importance of founders is crucial. Founder-led companies tend to be more resilient and innovative than their competitors while having a unique focus on lasting success. Their leadership often results in strategic advantages, making such investments more attractive to value investors. This week, Phil and Danielle discuss why having a central figurehead can be extremely valuable for companies, and how having the wrong person in such a crucial role can hamstring even the most promising of organizations. To learn more about ways you could improve your own investing practice, click here for the Rule #1 Investing Personality Quiz: https://bit.ly/468F8eW Topics Discussed: Indian Wells, CA Rebuilding VW engines Shake Shack Danny Meyer Sanderson Farms Apple in China Succession planning Resources Discussed: Seven Samurai Eleven Madison Park Learn more about your ad choices. Visit megaphone.fm/adchoices
11/8/202328 minutes, 30 seconds
Episode Artwork

442- Sketchy Going Public

Going public with a company, while often seen as a significant milestone, comes with several risks. The increased regulatory and compliance requirements can be burdensome and costly, and publicly traded companies must adhere to strict reporting standards which demand substantial time and resources. Going public also exposes a company to scrutiny from shareholders and the public at large, which can bring heightened pressure to meet short-term financial targets at the cost of long-term strategic decisions. All of this weighs heavily into the consideration of whether or not a company should pursue an IPO. After several weeks of discussing penny stocks, Phil and Danielle explore the reasoning behind why some companies choose to make this move while others are content keeping ownership private. Make sure you’re covering all of your bases when looking to invest in a new business by getting your free copy of the Rule #1 Must-Have Investing Checklist: https://bit.ly/49bSWZ7  Topics Discussed: Listing a company in US stock markets Microcap stocks Megacap stocks Raising capital for new businesses Pacific Exchange Resources Discussed: Shake Shack Rule of 72 Learn more about your ad choices. Visit megaphone.fm/adchoices
11/1/202339 minutes, 38 seconds
Episode Artwork

441 - Penny Stocks part 3

The abundance of unlisted companies available to buy into is a complicated resource for investors. One one hand, the opportunity that comes from smaller stocks being overlooked could lead to incredible results from unlikely sources, but the potential for staggering losses is equally high in this volatile market. For those willing to dig into the thousands of pink sheet stocks and do the necessary due diligence, the penny stock market can be a gold mine of prospective businesses that don’t get attention from the vast majority of investors. However, this entirely hinges on avoiding the countless scams and schemes that plague these unlisted stocks. This week, Phil and Danielle return once again to the topic of pink sheet stocks and why they may or may not be worth your time and attention as a value investor. If you’re in the early stages of your investing journey, don’t miss out on your free copy of The Complete Guide to Investing for Beginners: https://bit.ly/3MBzewf Topics Discussed: Pink sheet stocks vs. OTCBB stocks Reverse stock split Issues of scale/accessibility Resources Discussed: Got something you’ve been wanting to ask Phil and Danielle? Send it to [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices
10/24/202332 minutes, 54 seconds
Episode Artwork

440- Penny Stocks part 2

For many uninitiated or inexperienced investors, the idea of trading inexpensive stocks can seem like a low-risk way to break into the world of investing. However, while the price tag on penny stocks may be easier to swallow than those of blue chip stocks, the relative risk is far greater than the risk of buying into a well-established company. There are ways to approach investing at this level, and with the Rule #1 approach towards researching investments and analyzing price vs. value, the risk of speculation diminishes greatly when we’re buying into a company that we truly believe in. On this week’s episode of InvestED, Phil and Danielle come back to the topic of penny stocks and discuss why the fundamentals of value investing can be applied to the smallest of companies in addition to the behemoths. To understand more about the potential and reliability of a company you’re researching, click here to get your copy of the Big 5 Numbers Guide: https://bit.ly/3psMESQ Topics Discussed: Price volatility Boiler rooms Bid/ask Activision/Blizzard acquisition Chick-Fil-A John Elway’s car dealerships GameStop Resources Discussed: The Wolf of Wall Street r/wallstreetbets Learn more about your ad choices. Visit megaphone.fm/adchoices
10/17/202337 minutes, 4 seconds
Episode Artwork

439- FROM THE VAULT: Speculating vs. Investing

Before purchasing a company, Rule #1 Investors conduct extensive research to ensure that the company they intend to acquire aligns with the four key principles laid out by Charlie Munger. These principles are meaning, moat, management, and margin of safety. In this week's Vault episode, Phil and Danielle return to the topic from last week’s listener question to dive into a discussion about the distinction between investing and speculating. They also take a closer look at the concept of "risky investing" and why Rule #1 considers the term an oxymoron. To see how your investing knowledge stacks up and find ways to improve your approach to the practice, click here to take the Rule #1 Investing IQ quiz: https://bit.ly/3Faf7ks Topics Discussed: Buffett and Munger Depression-era investing The value of good management Venture capital Equity bonds Investing vs. gambling Learn more about your ad choices. Visit megaphone.fm/adchoices
10/11/202344 minutes, 22 seconds
Episode Artwork

438- FROM THE VAULT: Quick Questions: Investing Vs. Speculating

Is it possible for investors to achieve solid returns without exposing themselves to substantial risks? This is the fundamental principle behind Rule #1 Investing. While many people look at investing as something akin to gambling, being a conscious value investor is vastly different from speculating, where the high risk is a fundamental aspect of the process. In this week's Vault episode, Phil and Danielle delve into the distinction between being an investor and a speculator, highlighting just how crucial it is to truly grasp the nature of your investments.  For an exercise that can help simplify your investing research process, click here for The “3 Circles” Exercise Guide: https://bit.ly/3LOexg2 Topics Discussed: Zürich pronunciation Investing/Sports analogies Investing as ownership Stocks vs. bonds Strategy for recessions Getting out early vs. late Making money vs. preserving money Learn more about your ad choices. Visit megaphone.fm/adchoices
10/4/202329 minutes, 21 seconds
Episode Artwork

437- Penny Stocks & Movies

Penny stocks can seem tempting to some investors due to their low cost and potential for quick gains, but they carry significant risks and are often manipulated due to the light regulation they see from the FCC. It’s hard to argue that a low cost of entry and the potential for high returns aren’t tempting, but the illiquidity of penny stocks and their heightened potential for fraud tend to be warning signs for value investors. On this episode, Phil and Danielle share their opinions and experiences related to the penny stocks side of their investing journeys. For help in finding the right businesses to see your investments generate consistent returns, click here to get your free copy of How To Pick Stocks: The 5-Step Checklist: https://bit.ly/3ros8mU Topics Discussed: Surgery Penny stocks Netflix Fair Use Colombo Family fraud case Penny stock liquidity problems Microcap fraud Resources Discussed: The Wolf of Wall Street Barbie Learn more about your ad choices. Visit megaphone.fm/adchoices
9/26/202335 minutes, 57 seconds
Episode Artwork

436- Towns in Iceland

After weeks of teasing the topic, our hosts look back on their summer trip to Iceland in search of adventure and a better understanding of the lives of their ancestors who immigrated to North America generations ago. Join Phil and Danielle as they recap their captivating journey through the stunning landscapes of Iceland on a quest to explore where their ancestors once called home. Journeying over land and water, from hot springs to breathtaking fjords, they traced the footsteps of their forebears to discover the stories that connect them to that land of fire and ice. If you’re looking ahead to your future and thinking about living or vacationing in far-off, exotic places, click here for the Rule #1 Retirement Calculator to see if you’re prepared for life after work: https://bit.ly/3Zkye4F Topics Discussed: Icelandic ancestry Touring Iceland Lifestyle of Icelandic homesteaders Risks of investing vs living off the land Resources Discussed: Íslendingagbók North Iceland tours with Thor Learn more about your ad choices. Visit megaphone.fm/adchoices
9/19/202340 minutes, 14 seconds
Episode Artwork

435- We Don't Pick Stocks

For people outside the world of finance, the difference between value investing and trading stocks can be difficult to break down. This is further complicated by many of our financial institutions relying on outdated theories and principles to prepare new investors as they begin their investing practice. The Rule #1 method puts a focus on buying into a company at a discount based on fundamental analysis and holding it until the market reflects its true value, while simply picking stocks relies heavily on taking advantage of short-term fluctuations to capitalize on market movements. The risks of day trading are far greater than that of responsible value investing. Join Phil and Danielle as they break down the disparities between these approaches, explain the philosophy behind Rule #1, and struggle to remember names of what they’re discussing. The key to value investing is buying the right company at the right price—for some sound guidance on finding the perfect investment, click here for your free copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUAR Topics Discussed: Stock investing vs. value investing Modern portfolio theory Price vs. value Overthinking in investing Institutional imperative Multilevel Marketing Responsibilities of corporate governance The importance of due diligence Learn more about your ad choices. Visit megaphone.fm/adchoices
9/12/202339 minutes
Episode Artwork

434- Happy Labor Day!

Happy Labor Day to all of our listeners! We'll be back next week with a full episode, but for this week we hope that everyone's enjoying these last days of summer and appreciating the workforce that allows our investments to flourish. If this change of seasons has you reevaluating your investing practice, click here to get our 12-Month Financial Success Planner: https://bit.ly/45AP6Xh Learn more about your ad choices. Visit megaphone.fm/adchoices
9/5/202341 seconds
Episode Artwork

433- Big Box Competition

In a world where low costs are the primary motivating factor for a large portion of consumers, big box stores have found a major foothold in many markets around the world. On the surface, this can seem like a win for people who need access to affordable goods, but the reality is that the practices of the warehouse giants can stifle competition and create monopolistic environments that end up harming the communities they claim to serve. As more shopping moves to the internet and the big box stores continue to streamline their operations with the help of big data, countless mom-and-pop stores are continuing to go under due to the inability to compete with the massive resources of this corporate competition and the stifling effect of regulations that these giants lobby for. In this week’s episode, Phil and Danielle discuss the ethics and implications of investing in these big box retailers, and what their success means for the business community at large. Comprehending a company’s market capitalization can help you make smarter investing choices—click here for your copy of Understanding Market Capitalization, our guide which can help you navigate this important and complex metric: https://bit.ly/44p1xE9 Topics Discussed: Research tangents Ethics of big box stores Activist intervention Ag-gag laws Predatory pricing Big box inflation The waterbed effect Microsoft monopoly lawsuit Tulsa dollar store ordinance Learn more about your ad choices. Visit megaphone.fm/adchoices
8/29/202333 minutes, 7 seconds
Episode Artwork

432- Perfect Competition

When we boil down value investing to the absolute basics, the goal is to pick great companies that will maintain a high level of profitability over the long term—couldn’t be simpler, right? In reality, there are an enormous number of factors that can affect whether or not a company is successful, especially in a capitalist system where they have a high degree of freedom to operate without being hamstrung by regulations. While competition is an important feature in capitalism, it can also sap profitability from businesses when too much of their output is focused on separating themselves from their rivals. The key is finding businesses that have unique qualities that allow them to rise above the competition and carve out their own niche within their industry. Join Phil and Danielle as they discuss the various ways companies find an edge in the cutthroat world of international big business, and how investors can use the data and tools available to discern who might come out on top. If your investment research could benefit from tools that can help to simplify and streamline the process, click here for our free Rule #1 Investing Calculators: https://bit.ly/42dBHSn Topics Discussed: Conditions under which companies can succeed Imperfect competition Swiss house cleaning customs Moat vs competitive advantage Calculating return on capital Tangible vs intangible assets Resources Discussed: Glanbia Lululemon Sephora Learn more about your ad choices. Visit megaphone.fm/adchoices
8/22/202333 minutes, 36 seconds
Episode Artwork

431- Going Deeper with Glanbia

In the global market of the 21st century, more and more investors are looking overseas in order to find promising opportunities that might be unknown in their own countries. While there are many upsides to finding relatively untapped markets, this requires a comprehensive understanding of economic trends, regulatory frameworks, cultural nuances, and geopolitical factors that can impact investment outcomes. While all of these factors can seem intimidating for those looking to buy into foreign companies for the first time, it’s not an impossible task by any means – after all, companies in every country exist for the same reason: to make money. This week on InvestED, a slightly worse for the wear Phil and Danielle dig into the process of researching a foreign company that was mentioned in previous weeks Whether you’re looking to invest capital at home or abroad, these 6 Market Crushing Investing Principles can help give you an edge in your practice: https://bit.ly/45szJ2v Topics Discussed: Risks of horseback riding Researching and weighing potential risks of overseas investments Similarities between investing and dating Irish business practices EU vs US corporate disclosures Resources Discussed: Glanbia Exor Learn more about your ad choices. Visit megaphone.fm/adchoices
8/16/202333 minutes, 30 seconds
Episode Artwork

430- Analyzing International

What does “the market'' mean to you? For many listeners of this podcast, that term carries a strong Americentric connotation, but with the instant worldwide connectivity of the 21st century, the borders of our financial markets have quickly begun to blur. With the myriad factors that dictate whether or not a company is worth investing in, we must take into account the additional considerations that are necessary when dealing with a company that operates within a different culture, language, and political/regulatory climate than the companies we encounter within our own countries. With Phil and Danielle reunited following their summer vacations, these recent travels brought them back this week ready for a discussion about their own practices when it comes to foreign investments. If thinking about international investments has you reaching for a guidebook, click here to get your copy of the Rule #1 guide to gaining financial freedom, Map Out Your Investing Journey: https://bit.ly/3DTy4qN Topics Discussed: Researching companies overseas Analyzing trends and forecasting future developments How to compile and prioritize companies Finding enjoyment from the process Resources Discussed: Seeking Alpha Glanbia Ryanair Kerry Group Learn more about your ad choices. Visit megaphone.fm/adchoices
8/8/202334 minutes, 38 seconds
Episode Artwork

429- FROM THE VAULT: Bill Ackman’s Investing Checklist Part 2

Bill Ackman’s checklist is straightforward and reflects the basic principles of Rule #1 investing. But sometimes a company’s story has changed, so you must research further to determine if you need to hedge, or even exit a position. This week, we head back to the vault to hear part 2 of last week’s analysis of Bill Ackman’s investing checklist. This week, Phil and Danielle go into greater depth on the topic and discuss why it’s important to keep things simple with your investing. To gain a better understanding of the moats your investments ought to have, click here for The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Irish companies The snowboarding of money Power structures of corporate governance The value of patience and humility in investing Resources Discussed: Origin Enterprises I-RES Permanent TSB  AIB Bank of Ireland Kingspan Ryanair Smurfit Kappa CRH Glanbia Kerry Group Learn more about your ad choices. Visit megaphone.fm/adchoices
8/1/202341 minutes, 34 seconds
Episode Artwork

428- FROM THE VAULT: Bill Ackman’s Investing Checklist Part 1

Bill Ackman serves as an invaluable source of learning for aspiring investors. Despite some deviations from the conventional value investing checklist, his approach remarkably aligns with the fundamental principles of Rule #1 investing. Central to his strategy is the belief that exceptional companies boast simplicity and predictability, alongside a dominant market position and a limited exposure to intrinsic risk. By studying Ackman's successful investment strategies, one can glean invaluable insights into the world of finance, making it a compelling learning opportunity for investors of all levels. In this week’s episode from the InvestED Vault, Phil delves deeply into Ackman's checklist, shedding light on its nuances and exploring why he himself has embraced this distinctive style of investing. For further tips to boost your value investing IQ, click here to get your copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje Topics Discussed: Danielle’s recent travels and related recommendations Staying focused when broadening your investing practice Ackman’s checklist compared to Munger’s Common pitfalls for amateur investors Understanding your investments Barriers to entry Learn more about your ad choices. Visit megaphone.fm/adchoices
7/25/202328 minutes, 18 seconds
Episode Artwork

427- Investment Travelers

No matter how many books we read or how many hours we pour into our market research, the future is still uncertain to even the wisest of investors. When the mantra of “invest in what you know” is faced with the unknowable, what is the right move for those who are confined to the present? With every passing year, it gets easier to invest outside of our own borders. However, the enticing potential of emerging markets and discovering relatively unknown companies is balanced by the risks associated with cultures, governments, and business practices that are foreign to those with a Western-centric mindset. This week on InvestED, Phil and Danielle discuss the pros and cons of buying into companies overseas, and why many people are more comfortable keeping their investments close to home. To expand the borders of your own investing knowledge, check out our guide of The Best Investors in the World to pick up some tips from top minds in every corner of the globe: https://bit.ly/3DhbmIS Topics Discussed: Buffett on USA Living and investing outside of one’s country/region Michael Burry/The Big Short Listeners in Ireland: send company suggestions to [email protected] Euronext Dublin Resources Discussed: The End of the World Is Just the Beginning Investment Biker: Around the World with Jim Rogers Learn more about your ad choices. Visit megaphone.fm/adchoices
7/18/202333 minutes, 30 seconds
Episode Artwork

426- The End of the World

The past hundred years has seen humanity mobilize in a way that was previously unimaginable, and that worldwide cultural shift has been kicked into overdrive in the digital age. These massive changes have shaken up markets for decades, and this trend of globalization shows no signs of slowing down. As the world becomes smaller, supply chains become more interwoven, and people’s expectations of immediacy grow, the future looks very uncertain. Following decades of relative peace, geopolitical jockeying has taken on a previously unseen context in a world where the chief rivals depend on each other for our modern way of living. With declining populations ushering in a declining need for consumption, investors will have to adapt to this new era of global commerce in ways that many nations seem unwilling or unable to do. On this week’s show, Phil and Danielle discuss some of the unique aspects of the US, and what it means for America to get ahead of the demographic curve and avoid catastrophe. Although this podcast doesn’t pick stocks, Rule #1 has these great tips available to help investors learn how to start generating generational wealth: https://bit.ly/3ros8mU Topics Discussed: Ancestral immigration Munger on Musk Post-WWII hegemony European manufacturing changes Resources Discussed: 1883 The End of the World Is Just the Beginning The Intelligent Investor Learn more about your ad choices. Visit megaphone.fm/adchoices
7/11/202334 minutes, 7 seconds
Episode Artwork

425- Happy 4th!

For today’s mini-episode of InvestED, Danielle checks in to wish a happy 4th of July to all of our listeners in the USA. To keep the fireworks in the sky instead of your portfolio, check out our investing checklist, 10 Do’s and Don’ts of Successful Investing:  https://bit.ly/3XyEDbD Topics Discussed: July 4th Learn more about your ad choices. Visit megaphone.fm/adchoices
7/4/20231 minute, 18 seconds
Episode Artwork

424- AI for Investing with Nuno Neves Cordeiro

The arrival of the AI boom has stirred up a lot of questions, a couple of which seem to define the main concerns with the technology: are machines going to take all of our jobs, and how can I utilize this tech in a way that nobody else has thought of yet? The first question is answered by the fact that none of this would function without human creativity guiding the process, and the second will be answered in a multitude of ways as this technology continues to be refined and democratized in the coming years.. This week on InvestED, Phil and Danielle are joined once again by AI expert Nuno Neves Cordeiro as they discuss the ways that investment firms are implementing open source machine learning processes to streamline the way they analyze data, as well as how the average investor can take advantage of this technology. Click here for your copy of 5 Numbers to Determine a Smart Investment, Phil’s guide for discovering and calculating the numbers that matter most in your investments: https://bit.ly/3psMESQ Today's Guest: Nuno Neves Cordeiro (LinkedIn) Topics Discussed: LLMs Quant trading  AutoML Econometrics Resources Discussed: ChatGPT Chaos Kings Learn more about your ad choices. Visit megaphone.fm/adchoices
6/27/202347 minutes, 23 seconds
Episode Artwork

423- FROM THE VAULT: How to Find and Follow Investing Gurus

There are a number of ways that the average speculator can learn and benefit from the strategies and philosophies of the well-established greats like Buffett, but how can the savvy investor get the most out of the limited information available to us? In the constant battle between businesses and the legislators trying to reign them in, the deck is often stacked against the little guy. Luckily, that’s not always the case, and successful investors know how to find every advantage possible to build a portfolio that can withstand market volatility. This week on InvestED, Phil and Danielle answer some great questions they’ve received about how to find investing gurus that you can learn from. They’ll show you how to easily find the information you need from these investors, which will paint a clearer picture for you when it comes to your own personal investing journey.. To find out more about our investing philosophy, check out our NYT best sellers and get the first 2 chapters of each of our audiobooks: https://bit.ly/3N21M18 Topics Discussed: Index funds Pre-COVID Bitcoin Importance of following public filings of large scale investors Primary sources/secondary sources Resources Discussed: EDGAR InvestED Dataroma GuruFocus Holdings Channel WhaleWisdom Learn more about your ad choices. Visit megaphone.fm/adchoices
6/21/202331 minutes, 55 seconds
Episode Artwork

422- Learning AI with Nuno Neves Cordeiro

Free time is, for many, a precious commodity that there simply never seems to be enough of. How then can those with a goal and a vision for how to achieve it budget and invest their time to pursue that goal? With the speed of technological development and the amount of resources available to anyone who wants to seriously pursue coding, the next society-changing app could always be right around the corner. As problems become more complex, so do the solutions–as well as the tech required to implement them. This week on InvestED, Danielle talks with returning guest Nuno Neves Cordeiro about his journey to becoming an expert in the field of AI, and what that journey had in common with value investing. To find out more about our investing philosophy, check out our NYT best sellers and get the first 2 chapters of each of our audiobooks: https://bit.ly/3N21M18 Topics Discussed: Learning to code Understanding and applying algorithms Process vs results Learn more about your ad choices. Visit megaphone.fm/adchoices
6/14/202321 minutes, 3 seconds
Episode Artwork

421- Real AI with Nuno Neves Cordeiro

Until very recently, a lot of talk about artificial intelligence conjured dystopian images of Skynet, the Matrix, and HAL-9000 instead of a browser window answering homework questions or rendering bizarre reproductions of famous artwork. However, the recent releases of some powerful AI tools has reframed the popular understanding of what AI really is, and the investing world has taken note. At times when technology takes an exponential leap forward, how can companies avoid being behind the curve? Following some recent discussion about the prominence of artificial intelligence in the current cultural conversation, Phil and Danielle brought in an expert on the topic (Nuno Neves Cordeiro) to clear the air and answer some of their lingering questions and dispel some of the pop culture myths surrounding AI. To clear up some other common market misconceptions, click here for a free copy of the The 3 Greatest Stock Market Myths Ever Told: https://bit.ly/45NycoE Today’s Guest: Nuno Neves Cordeiro (LinkedIn) Topics Discussed: Rule-based vs machine learning APIs and AI Fears about AI replacing humans Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices
6/6/202359 minutes, 24 seconds
Episode Artwork

420- The Good, the Bard, and the Ugly

In 2023, it seems like every other week has seen a new AI tool pop up and have its 15 minutes of fame. From image generation to chat functions and voice replication, the public eye has never been more fully focused on artificial intelligence. Is the latest wave of machine learning composed of actual breakthroughs, or have users been fooled by elaborate systems of smoke and mirrors? Knowing the risks of involving artificial intelligence in the investing process is a tricky challenge to navigate, and one that seems to grow more complicated every day. This week on InvestED, Phil and Danielle turn their sights back to AI and talk through the potential implications of computer brains and their effects on the financial world. If you prefer a more traditional technological approach to your investing journey, click here for your Rule #1 Calculators for Investing Analysis: https://bit.ly/42dBHSn Topics Discussed: AI hallucination Resources Discussed: Bard ChatGPT BloombergGPT The Intelligent Investor Learn more about your ad choices. Visit megaphone.fm/adchoices
5/30/202331 minutes, 10 seconds
Episode Artwork

419- $100 Bills: Berkshire Meeting part 3

As the shock waves dissipate following the 2023 Berkshire Hathaway shareholders meeting, they nevertheless continue to be felt as we come back for a third week of analysis on one of the investing world’s most significant yearly events. This year’s meeting took place in the midst of a tumultuous period of post-pandemic supply chain disruptions, worldwide inflation, and the looming threat of the next big recession. In the final episode of this three-parter, Phil and Danielle focus on the role of currency in the current economic crises facing the markets. Listen in as they break down the comments of Buffett and Munger and offer their own insights on the topic. For more pearls of wisdom from the Oracle of Omaha, get your free copy of the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL Topics Discussed: Currency in circulation Hoarding cash/luxury assets Resources Discussed: FRED (Federal Reserve Economic Data) Learn more about your ad choices. Visit megaphone.fm/adchoices
5/25/202342 minutes, 10 seconds
Episode Artwork

418- Berkshire Shareholder Meeting part 2

After last week’s episode scratched the surface of the recent Berkshire shareholder meeting’s Q&A session, we’re going back to the well of investing wisdom that is Buffett & Co.  This year’s meeting brought a number of insights, both personal and business-related, from the leaders at Berkshire. What do some of the world’s most successful investors have to say about what guides their strategies in 2023? This week on InvestED, Phil and Danielle dive deeper into the weeds of the Berkshire Hathaway shareholder meeting and share some wisdom of their own. To mark your own financial progress and plan for the future, click here for your copy of Map Out Your Investing Journey: https://bit.ly/3WbuIbe Topics Discussed: Porsche Owners Club Berkshire Hathaway shareholder meeting USA vs China Taiwan Semiconductor Stock buybacks Resources Discussed: Damodaran on Valuation Learn more about your ad choices. Visit megaphone.fm/adchoices
5/17/202336 minutes, 37 seconds
Episode Artwork

417- Berkshire Shareholder Meeting

With the 2023 edition of the Berkshire Hathaway annual shareholders’ meeting in the books, it’s time to review the takeaways from the event. In an era of heightened uncertainty for markets around the world, what can we glean from the words of Buffett et al? The weekend saw over 30,000 investors descend upon Omaha to hear from the megacorp’s leadership and vie for the chance to pose a question to some of the world’s most successful business magnates. Covering topics ranging from AI and technology to geopolitics and the role of emotion in finance, the meeting’s Q&A session left attendees and listeners with a lot to digest. On this episode of InvestED, Phil and Danielle break down their takes on Berkshire’s big gathering and parse the wisdom from a couple of value investing heavy hitters. To learn more about Buffett, Munger, and others, click here for a free copy of the The Best Investors in the World: https://bit.ly/41kGW2g Topics Discussed: Berkshire Hathaway Annual Shareholder Meeting President Biden’s stock buyback proposal Resources Discussed: Starlink Invested The Intelligent Investor The Tractatus Learn more about your ad choices. Visit megaphone.fm/adchoices
5/9/202334 minutes, 22 seconds
Episode Artwork

416- Berkshire Info

It's time again for the "Woodstock of Capitalism," aka the annual Berkshire Hathaway shareholder meeting where Warren Buffett and Charlie Munger fill in their investors on the state of the company and its future prospects. The meeting always makes waves in the investing world – whether it's two of the industry's titans sharing valuable insights and taking questions from attendees, or upwards of 40,000 shareholders having access to an incredible variety of networking opportunities. On this week's episode, Danielle gives us a brief overview of what to expect in the upcoming meeting (as she and Phil watch the livestream). To see how well you know the Oracle of Omaha, take our Warren Buffett Quiz: https://bit.ly/3HzseNB Topics Discussed: Berkshire Hathaway Shareholder Meeting Learn more about your ad choices. Visit megaphone.fm/adchoices
5/3/20233 minutes, 12 seconds
Episode Artwork

415- ChatGPT part 2

With financial advising services trying their best to convince you that they can set you up with the life of your dreams, how can the cold, emotionless AI bots compete with their human counterparts? The latest iterations of chat AI tools range from fun gimmicks to incredibly useful tools, but it’s important to approach them with caution. Whether it’s limited knowledge, problems interpreting data, or even the occasional hallucination, these tools are far from perfect. On this week’s episode, Phil and Danielle continue their discussion about ChatGPT and what the future could hold for a society dependent on AI. For help avoiding mistakes and making smarter investing decisions, click here for you free copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/40z6gkx Topics Discussed: Robo-Advisors Chatbots OpenAI X.AI BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices
4/25/202340 minutes, 28 seconds
Episode Artwork

414- Separate the Wheat from the Chat

Hey ChatGPT, what’s your deal and and why should investors care? The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference? As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master. This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world. To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M Topics Discussed: Rule #1/Value Investing SmartLess AI Hallucination BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices
4/18/202333 minutes, 43 seconds
Episode Artwork

413- Deal or No Deal?

Once in a blue moon, you might find yourself in a peculiar situation with regards to your investing journey. During the course of your research, you find a company with an eye-catching price tag and little to no fanfare. Then comes the important question: are you ahead of the curve, or is this deal too good to be true? To examine this potential investment, it’s important to be equipped with the proper tools to complete a proper analysis. From reviewing time frames and understanding operations to gauging wider interest, gaining a comprehensive understanding of a company’s valuation is key in making wise purchases. Join Phil and Danielle as they continue to follow a thread that was sparked by a discussion of helmets, but has since evolved into a lesson on why a seemingly great bargain might not be worth the risk. If the idea of learning from some of the world’s most successful financial mentors appeals to you, click here to get your free copy of The Best Investors in the World: https://bit.ly/4129j5R Topics Discussed: Vista Outdoor 13F Filings Resources Discussed: The Innovation Stack Learn more about your ad choices. Visit megaphone.fm/adchoices
4/11/202338 minutes, 4 seconds
Episode Artwork

412- The Power of Compounders

Finding a company that can compound their investments over a long period is the white whale of the value investor. While this search is often challenging, finding these companies can lead to substantial long-term gains. With the gamification of investing in recent years, the idea of holding an investment for a lifetime is being presented as less appealing than the app-driven, short-term profit mentality. Are you prepared to do the work up front so that you can feel confident in a less hands-on approach in the long run? By starting off with a careful analysis of these potential compounding investments, you can be less concerned with the day-to-day movements of the markets. If you’re searching for possible compounders to add to your portfolio, get your free copy of Phil’s Value Investing Cheat Sheet for help with those first steps: https://bit.ly/3KvCsjT Topics Discussed: Vista Outdoors Compounders Resources Discussed: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them Learn more about your ad choices. Visit megaphone.fm/adchoices
4/4/202325 minutes, 36 seconds
Episode Artwork

411- Publicly Traded Banks

What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions? When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets. This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems. For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw Topics Discussed: Silicon Valley Bank Public vs Private banks Amadeo Giannini/Bank of America White-shoe Law Firm Resources Discussed: The Innovation Stack Learn more about your ad choices. Visit megaphone.fm/adchoices
3/21/202333 minutes, 35 seconds
Episode Artwork

410- Silicon Valley Bank

The recent collapse of Silicon Valley Bank exposed some major cracks in the way that banks have been doing business, and the upheaval is sending shockwaves far beyond the tech sector. Unwise decisions from leadership compounded by market uncertainty and rising interest rates is certainly a recipe for disaster. How can we analyze these and other warning signs, like an over-reliance on a volatile tech sector, to anticipate and avoid future losses? Join Phil and Danielle for a postmortem of SVB and a discussion of how its failure could impact value investors. If you need help identifying warning signs of impending crashes, download your free copy of Your Ultimate Stock Market Crash Survival Guide: https://bit.ly/3YLope0 Topics Discussed: Rule #1 Investing Silicon Valley Bank It’s A Wonderful Life Learn more about your ad choices. Visit megaphone.fm/adchoices
3/14/202328 minutes, 28 seconds
Episode Artwork

409- Hasta la Vista Outdoor

For those of us whose minds tend to wander, the age of limitless new opportunities at our fingertips has been both a blessing and a curse. The ability to focus that attention is an equally vital tool that is essential to good investing practice. What are the best first steps to take when we stumble across a new company while browsing the web? If investors don’t want to be outside of their element or their ethical and moral boundaries, a few minutes on Google is time well spent. This week on InvestED, Phil and Danielle continue the previous episode’s topic and take a deeper dive into the process of researching a new company. For help setting up your own priority list, get your copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3kUBXWE Topics Discussed: Circle of competence Resources Discussed: Vista Outdoor For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/7/202338 minutes, 44 seconds
Episode Artwork

408- Investing is Life

How often are you inspired to invest when you come across a great idea or innovation in your day-to-day life? Could that new helpful device lead you to the next great company for your portfolio? With the sheer quantity of information that’s available to investors in the digital age, being able to sort the signal from the noise is a must. This week on InvestED, Phil and Danielle discuss how viewing life through an investing lens can shape our experiences when we encounter something new. For help picking winning investments and avoiding risky stocks, get your free copy of our Must Have Investing Checklist: https://bit.ly/3IZucI9 Topics Discussed: Helmets (MIPS) Research potential of the internet Public > Private shift CEO letters Resources Discussed: Vista Outdoor Learn more about your ad choices. Visit megaphone.fm/adchoices
2/28/202337 minutes, 47 seconds
Episode Artwork

407- FROM THE VAULT: Speculating vs. Investing

Before buying a company, Rule #1 Investors do a ton of research to ensure the company they are buying meets Charlie Munger’s 4 key principles: meaning, moat, management, and margin of safety. From blue chip companies to venture capital, the options are limitless in terms of what modern investors can do with their money. In this week’s episode, we discuss the difference between investing and speculating, and why the term “risky investing” is an oxymoron. Learn what to watch out for when trying avoid overly risky investments with your own copy of the Must Have Investing Checklist: https://bit.ly/3YRI90n Topics discussed: Charlie Munger's 4 Principles Learn more about your ad choices. Visit megaphone.fm/adchoices
2/21/202344 minutes, 9 seconds
Episode Artwork

406- FROM THE VAULT: Bill Ackman’s Investing Checklist Part 3

William Albert Ackman is an American investor and hedge fund manager. He has a well-known 8-point investing checklist, which is straightforward and reflects the basic principles of Rule #1 Investing. That checklist includes only investing in simple and predictable businesses with a dominant market position, limited risk, a strong balance sheet, excellent management, high return on capital, free cash flow generative, and large barriers to entry. Sound familiar? There’s a lot of talk in the financial community about “diversification,” which simply means investing your money in a variety of ways in order to provide a safety net should one investment go south. The thing is, you don’t need to diversify if you know how to invest and understand what you are investing in. By taking the time to research and learn about the companies you are investing in, you are providing your own safety net, because you won’t invest in any company that doesn’t meet the standards for a wonderful company, as it is defined in Rule #1 Investing. That is key.  This week on InvestED, Phil and Danielle discuss Bill Ackman’s checklist more in-depth, and explain why you can’t blindly put your money in stocks chosen at random and expect to achieve great returns. In order to succeed investing in the stock market, you have to use a system and a strategy. Learn how to find and pick quality stocks with this FREE Four Ms Guide: https://bit.ly/3krSdvB Topics discussed: Bill Ackman Valuation methods of investing Rational investing Tesla stock Coca-Cola stock Learn more about your ad choices. Visit megaphone.fm/adchoices
2/15/202332 minutes, 44 seconds
Episode Artwork

405- Free Solo

When we take risks in life, the prospect of success is always tempered by the possibility of failure. What happens to a society when some of the consequences of failure go away? Preparation and practice can help us face our fears and improve our investing process, and dealing with doubts is part and parcel of being an investor. This week on InvestED, Phil and Danielle discuss the hero’s journey and what it means to set and pursue goals. To better prepare yourself for investing success, download your copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/3RDQtxU Topics Discussed: Steve Jobs Setting oneself up for success/failure The Hero’s Journey Commitment Resources Discussed: Joseph Campbell Free Solo Learn more about your ad choices. Visit megaphone.fm/adchoices
2/7/202338 minutes, 35 seconds
Episode Artwork

404- In The Moment

After a couple of decades of dominating the internet, cracks have begun to appear in the once-unquestionable superiority of Google.   With the advent of new technologies, can the tech giant adapt and compete with the products and companies currently defining the landscape of Silicon Valley? And what does a tech monopoly look like when the world of virtual connectivity begins to incorporate A.I. users in addition to human ones? This week on InvestED, Phil and Danielle talk about shakeups in the tech world and the difficulty of balancing planning for the future vs living in the present. For help planning for your future, don’t miss a free copy of the Rule #1 Early Retirement Calculator: https://bit.ly/3HqBLFQ Topics Discussed: Challenges to Google’s dominance  ChatGPT Planning ahead vs being present Resources Discussed: Be Here Now Learn more about your ad choices. Visit megaphone.fm/adchoices
2/1/202332 minutes, 24 seconds
Episode Artwork

403- FROM THE VAULT: The Role of Shorting in the Market

“There’s nothing evil, per se, about selling things short. Short sellers—the situations in which there have been huge short interests very often—very often have been later revealed to be frauds or semi-frauds.” — Warren Buffett Short selling, or shorting, plays an important role in public markets as it improves prices, rational capital allocation, prevents bubbles, and shines a light on fraud. A recent example of this is the Gamestop event which caused many investors to either gain or lose money, as shorting isn’t ideal for all investors. This is why it’s important to invest with your values—so you can invest with confidence and reduce your risk of making bad investing decisions.  In today’s podcast, Phil and Danielle discuss the important role short sellers play in our market and why it’s important to invest with your values.  Learn about the Four Ms and how they can help you invest in the right businesses at the right time with this FREE guide: http://bit.ly/3btAqhM Topics Discussed: Confirmation bias GameStop squeeze of 2021 Short selling Hedge fund collusion Resources Discussed: Beat the Dealer Black-Scholes Model Learn more about your ad choices. Visit megaphone.fm/adchoices
1/27/202346 minutes, 40 seconds
Episode Artwork

402- Managing Expectations

Our ability to handle expectations, both from others and ourselves, plays a huge role in our success in life. If we don’t know our tendencies when faced with those expectations, how can we be prepared to succeed? Investors often deal with an enormous amount of pressure and uncertainty, and being able to identify the source of those stressors can help set us up to prosper in the market. In this episode, Phil and Danielle return to the Four Tendencies Framework and examine what it is that really makes us tick and how we can harness that knowledge in our investing practices. If you want to be better prepared to set realistic goals, don’t miss our handy checklist of The 10 Do’s and Don’ts of Successful Investing. Download your copy now: https://bit.ly/3H9Fzwd Topics Discussed: Audiobook reading The Four Tendencies Framework Resources Discussed Why We Sleep Better Than Before The Four Tendencies Mostly Invested Rule #1 Virtual Investing Workshop Learn more about your ad choices. Visit megaphone.fm/adchoices
1/17/202336 minutes, 47 seconds
Episode Artwork

401- No Resolutions

New year, same InvestED! Our hosts check in for the first show of 2023 and reflect on how disparate paths can bring people to the same world of investing. What does it look like to find success with the message you’re trying to share? There are millions of people with an idea, a passion, or a unique perspective, but managing to have it resonate with others in the attention economy is no small task.  This week on InvestED, Phil and Danielle discuss the importance of setting goals, and they return to the recent topic of four buckets, this time in terms of dealing with expectations both external and internal. Get your year started on the right foot with the Must-Have Investing Checklist. Download your copy now: https://bit.ly/3XjgNix Topics Discussed: Publishing/PR industries The importance of a platform The Four Tendencies Framework Resources Discussed: Invested Rule #1 Better Than Before The Four Tendencies Learn more about your ad choices. Visit megaphone.fm/adchoices
1/10/202338 minutes, 2 seconds
Episode Artwork

400- Celebrate!

On this milestone episode of InvestED, Phil and Danielle celebrate 400* episodes and take a look at where the market might be headed in the new year. Having spent the past two weeks going over the All Weather Portfolio, are there certain profiles of investors who would be better suited to this strategy than others? How can you use the four buckets to hedge your bets against the ups and downs of the market? Join us as we close out 2022 and nearly 8 years of the InvestED Podcast, and see where the inflation roller coaster takes us in 2023. Find ways to secure your investments for the next big downturn with the 12 Month Financial Success Planner. Download your copy now: https://bit.ly/3Vd1973 Topics Discussed: Ray Dalio’s All Weather Portfolio Tony Robbins and Ray Dalio Resources Discussed: MONEY Master the Game Learn more about your ad choices. Visit megaphone.fm/adchoices
12/20/202236 minutes, 49 seconds
Episode Artwork

399- Four Buckets Part 2

As the podcast approaches episode 400, Phil and Danielle reflect on the past several years of talking investing together before returning to the previous episode’s topic of the All Weather Portfolio. What does it look like to put together a portfolio that’s prepared for any economic environment? Inflation or deflation, boom or bust, there are opportunities in every situation. This week on InvestED, Phil and Danielle dive deeper into the four buckets theory and how societal and economic dynamics can help you develop a strategy for security. Find ways to secure your investments for the next big downturn with the Market Crash Survival Guide. Download your copy now: https://bit.ly/3hnrTUw Topics Discussed: Four Buckets/All Weather Portfolio Efficient Market Theory Learn more about your ad choices. Visit megaphone.fm/adchoices
12/13/202233 minutes, 48 seconds
Episode Artwork

398- Four Buckets

For many, investing is much more than a hobby or a profession–it’s a way of looking at the world and parsing new information. There are countless approaches to take towards investing your wealth, but for a certain segment of the population, safeguarding financial progress is a higher priority than finding the next hot stock. This week, Phil and Danielle talk through Ray Dalio’s All Weather Portfolio and how you can utilize this strategy to weather any economic storm that may hit the market. If you’d like a metric for making smart investing choices, download your copy of Understanding Market Capitalization to get our guide for navigating price versus value: https://bit.ly/3P6m1eK Topics Discussed: The importance of reading EBITDA Efficient Market Theory Resources Discussed Unsettled by Steven Koonin The All Weather Portfolio by Ray Dalio Learn more about your ad choices. Visit megaphone.fm/adchoices
12/6/202232 minutes, 51 seconds
Episode Artwork

397- China's Stormy Seas

The world’s second largest economy has long posed a problem for investors. With the Communist Party embracing markets to spur development in recent decades, many investors have been puzzled by China, seeing many fail to take advantage of an unprecedented explosion of economic growth in the country. As the buying power of the Chinese middle class continues to grow, how do investors approach the market in a nation where so much economic influence is under the control of a one-party government? Tune in to InvestED this week as we discuss the political and economic situations in China and what they might look like in the near future, as well as how you can profit from the immense potential in that market. To read more about the top investing minds from around the globe, download your copy of The Best Investors in the World to broaden your horizons: https://bit.ly/3ONRbri Topics Discussed: China’s Party Congress Future of US/China relations Hermès vs LVMH Resources Discussed Rule #1 Blog Ray Dalio’s Notes on China Principles by Ray Dalio Learn more about your ad choices. Visit megaphone.fm/adchoices
11/29/202240 minutes, 6 seconds
Episode Artwork

396- Timing Your Exits

396: Timing Your Exits There is no shortage of opinions about when to sell in the ever-changing world of investing, but those taking the Rule #1 approach know that buying a great business on sale is paramount for maximizing your returns. While analyzing the countless factors that influence markets can seem like a formidable task, it really boils down to understanding a stock’s price versus its value. Having a grasp on these two metrics can be one of the most powerful tools in your arsenal of knowing when to hold and when to sell. This week on InvestED, listen as Phil and Danielle talk through the evolving methods that tech companies use to retain their user base and minimize risk. As these businesses grow to encompass a wider range of hardware and software in an increasingly interconnected world, investors can utilize this understanding to inform their decisions to either hold or sell. To learn more about how the tech giants maintain their advantages over their competitors, download your copy of Moat Types for Durable Advantage to successfully invest: https://bit.ly/3tWwFe5 Topics Discussed: P/E ratio Venture capital in US vs abroad Government regulation Tech ecosystems Resources Discussed Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! Learn more about your ad choices. Visit megaphone.fm/adchoices
11/22/202240 minutes, 6 seconds
Episode Artwork

395- Riding the Backwards Bike

There are world-renowned institutions and individuals who have devoted themselves to understanding the ins and outs of investing. Yet despite all of the heavily-scrutinized studies and statistical analyses, we see investors who take an outside-the-box approach and yield impressive results. It’s important to keep in mind that, when looking at the methodologies of successful value investors, different strategies are required for different stages of managing your portfolio. The positions that Buffett is taking in 2022 are a far cry from his process 50 years ago.   This week on InvestED, Phil and Danielle discuss why buy and hold might not be the best move in every situation, and when it is the right thing to do, how do you choose the companies to stick with? To learn more about how to pick and choose profitable businesses, download your copy of How to Pick Stocks: The 5-Step Checklist to successfully invest: https://bit.ly/3tz0Vfc Topics Discussed: Intrinsic value Modern portfolio theory vs Value investing Deciding when to sell Resources Discussed Riding a Backwards Bike The Education of a Value Investor The Dhando Investor: The Low-Risk Value Method to High Returns For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/15/202236 minutes, 35 seconds
Episode Artwork

394 - Hold or Sell? Part 2

Wouldn’t it be nice if the market behaved in a predictable, rational way? Unfortunately for investors, that’s not the case, so having a proven strategy to time your moves is key to achieving long-term success with your portfolio. Getting in (or out) at the right time is what separates top investing minds from the rest of the pack, and whether it’s finding a sale on a great company or knowing how to read the tea leaves and avoid being left holding the bag, having the proper analytics can help you navigate the tumultuous investment landscape. This week on InvestED, Phil and Danielle dig deeper into topics raised by last week’s listener email, and they take a look back at how superstar investors like Buffett have changed their approach over the past few decades in response to market volatility. To see how well you know the wisdom that has inspired the Rule #1 investing strategy, take our Warren Buffett quiz and find out how you stack up: https://bit.ly/3WO1jUy Topics Discussed: Intrinsic value vs. timing the market Understanding your investments Velocity of money Market distortion Building financial independence vs. preserving portfolio Resources Discussed Rule #1 book For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
11/8/202234 minutes, 30 seconds
Episode Artwork

393- Timing Tee-Up

On this abbreviated episode of InvestED, @danielletown takes the reins to catch us up on topics discussed in recent weeks and give us a glimpse into what’s ahead as we approach the holiday season. She also dips into the mailbag to hear a listener’s thoughts on our recent dialogue regarding when to hold and when to sell during market downturns. To get insight into how today’s top financial minds approach their investments, download your copy of The Best Investors in the World: https://bit.ly/3UjWpfE Topics Discussed: Big changes at Twitter Listener email Learn more about your ad choices. Visit megaphone.fm/adchoices
11/2/20225 minutes, 47 seconds
Episode Artwork

392- Hold or Sell?

Given the current state of global markets, economic uncertainty can make it difficult to plan for the future. While the changing financial landscape might cause investors to fret, understanding the factors and policies that drive these changes can help you sleep better at night. This week on InvestED, Phil and Danielle talk through the long and short-term repercussions of inflation, how a generation of investors will face their first true test in a bear market, and why Rule #1 is so vital to coming out ahead when markets dip. To learn more about how to stay centered in your investing practices, download your copy of the Inflation Checklist to successfully invest: bit.ly/3DoVtQD Topics Discussed: Navigating a turbulent market Risk-free rates Historic market downturns Value vs price Resources Discussed Modern Portfolio Theory For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
10/25/202234 minutes, 2 seconds
Episode Artwork

391- Head Start for Investing

While the financial world can be a daunting topic to young people whose parents aren’t properly equipped to teach them about it. And when kids don't properly learn how to manage their finances, as adults, life becomes somewhat of a minefield. Teaching kids about the value of their money doesn’t have to be as complicated as most people think, though.  There are actually a number of ways parents can get creative with introducing investing basics to their kids while keeping them engaged with the process. One of the easiest ways is to simply teach one of the Rule #1 Investing principles: invest in something you're actually interested in and believe in. This week on InvestED, tune in as Phil and Danielle discuss growing up with parents who do (or don’t) invest, winning strategies with allowances, and how to set kids up for success in the future. To learn more about getting you or someone you know started off with some investing basics, claim your free copy of Guide to Investing for Beginners: https://bit.ly/3CGzh42 Topics Discussed: Teaching finances at a young age Representation in investing Resources Discussed Investing Guide for Beginners For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
10/18/202232 minutes, 23 seconds
Episode Artwork

390- Turbulence

For some people, looking at the bigger picture of investing is what draws them to invest in the first place. They see the possibility, get excited, and want to learn how they can be a part of the excitement and benefit from the earning potential. However, before diving right in, it’s essential for investors to prioritize balance between creating strategies they believe will lead to success and being patient enough, especially through times of market volatility, in order to see long-term gains. Truth is, most people want to be in successful, long-term investing positions, but when you’re just starting out, it can be challenging. The best investors show their true potential in how well off their portfolio is, even after an economic downturn. This week on InvestED, tune in to hear Phil and Danielle explain that while it can be difficult to know how to navigate a turbulent market, having patience and a strategy for enduring the hard times is key in order to see any payoff coming out on the other side. To learn more about how to stay centered in your investing practices, download your copy of 4 M’s Investing Guide to invest successfully: http://bit.ly/2TZ3Bls  Topics Discussed: Big picture investing Market downturns How to stay prepared Resources Discussed Li Lu article 4 M’s for Successful Investing Guide For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
10/11/202225 minutes, 20 seconds
Episode Artwork

389- Stay Centered

It’s easy to get sucked into the possibility with investing and become obsessed.  But getting so depe in the weeds, you lose track fo the forest and end up doing way too much that ends up leading to you missing the strategy that actually works: staying patient. Find other things to do to keep you centered The purpose of life isn’t to make money. It’s a pre-condition for handling what you’re here to do.  While it’s important to live a life in which you can provide for yourself and your loved ones, it’s also important to do things that make you feel whole and happy.  That’s why investing is so important. One of the greatest things about investing, especially when using Rule #1 strategies, is that it gives you the ability and financial freedom to live a vital life. You’ll no longer have to commit to the daily “grind” just to pay the bills. Tune in to this week’s episode of InvestED to learn more about how Phil and Danielle find purpose in their lives and how you can, too. Because at the end of the day, you don’t have to be a genius to invest.  It’s not a game where IQ wins – it’s a game where discipline wins. To learn more about how to stay disciplined in your investing practices to help you live a purposeful life, download your copy of Phil’s FREE 4M’s guide to successfully invest: https://bit.ly/3BiRJA1  Topics Discussed: Emotional centeredness Rule #1 Investing Resources Discussed And There Was Light Man’s Search for Meaning Learn more about your ad choices. Visit megaphone.fm/adchoices
10/5/202227 minutes, 7 seconds
Episode Artwork

388 - What Matters

While it’s important to live a life in which you can provide for yourself and your loved ones, it’s also important to do things that make you feel whole and happy.  That’s why investing is so important. One of the greatest things about investing, especially when using Rule #1 strategies, is that it gives you the ability and financial freedom to live a vital life. You’ll no longer have to commit to the daily “grind” just to pay the bills. Tune in to this week’s episode of InvestED to learn more about how Phil and Danielle find purpose in their lives and how you can, too. Because at the end of the day, you don’t have to be a genius to invest.  It’s not a game where IQ wins – it’s a game where discipline wins. To learn more about how to stay disciplined in your investing practices to help you live a purposeful life, download your copy of Phil’s FREE 4M’s guide to successfully invest: https://bit.ly/3BiRJA1  Topics Discussed: Risk-taking Financial freedom Personal finances Meditation and transcendence Life values Resources Discussed War of the Worlds, HG Wells Empire of the Summer Moon, S.C. Gwynne InvestED Book SmartLess Podcast For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
9/27/202236 minutes, 8 seconds
Episode Artwork

387- Risk Averse

What does it really mean to be risk-averse when it comes to investing? This week, Phil and Danielle return with a new episode of InvestED to discuss risk and how to decide if a company is dangerous enough to sink a potential investment decision. When you first start out with investing, it can be overwhelming and intimidating. But it’s important to go deep and really do your homework before making a truly sound decision, especially in today’s tough market. Tune in to this week’s episode of InvestED to learn more about risk inversion, what it takes to make a sound investment decision and how to overcome overwhelm. To learn more about how to be confident in a company, download your copy of Phil’s FREE guide about the 4 M’s to successful investing: https://bit.ly/3BiRJA1  Topics Discussed: Risk inversion Investment Overwhelm Uncertainty Predicting Success Events Resources Discussed Netflix Episode Netflix Part 2 Netflix Part 3 FAANGM Stocks Episode For show notes and more information visit www.investedpodcast.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices
9/21/202232 minutes, 2 seconds
Episode Artwork

386 - FROM THE VAULT: Real Estate Investing

If you think that because real estate lets you leverage your investment, then the rate of return is much higher than investing in a business, and is, therefore a better place for beginner investors to put their money, think again. This is a commonly held idea that can be completely mistaken.  Phil and other expert investors – including Warren Buffett – have owned real estate. From subdivisions to large farms, apartments, commercial property, and single-family homes, if you assess it’s valuable for your investing goals, real estate could be a good option for you. This week on InvestED, in an episode from The Vault, Danielle and Phil discuss whether or not it’s possible to make real estate a beneficial component of a high-performing financial portfolio. Learn more about following the Rule #1 method of successful investing! Click here to download your copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3qBJfxU  Resources Discussed: Atul Gawande Books Fortune Article Topics Discussed: Rule #1 Investing Real Estate Investing Warren Buffet Berkshire Hathaway Letters Risk Management Skuttlebutt All-Weather Portfolio For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
9/14/202254 minutes, 26 seconds
Episode Artwork

385 - Lost Money

It hurts to lose money – especially after you’ve done all the work you were supposed to do. But you’re human, and even if you follow Rule #1 investing strategies by the book, you will still run a risk. However, it’s important, that when that risk – and possible loss – crosses your investment path, you don’t fall back to hoping the market will climb back into your favor. You must stay disciplined and continue to do what’s best, even if it means taking a rare loss.  In this episode of InvestED, Phil and Danielle discuss a recent loss Phil took, despite making textbook investing decisions. See how he overcame it so you know what to do if that happens to you and your portfolio.  Learn how to make the best textbook Rule #1 investing decisions that will prepare you for times of uncertainty or rare loss, while still staying in control of your portfolio. Download your free copy of the 4 M’s of Successful Investing: https://bit.ly/3BiRJA1  Topics Discussed: Alibaba Variable Interest Entities (VIEs) Difference between the US and Chinese Stock Exchange Government risk Rule #1 Investing Dealing with losses When to sell Resources: Successful Investing Guide For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
9/7/202234 minutes, 12 seconds
Episode Artwork

384 - From the Vault: Best Munger Quotes

“It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” — Charlie Munger Munger is the Vice Chairman of the world’s greatest compound interest machine: Berkshire Hathaway, Inc.  During the time of his and Warren Buffett’s reign as the leaders of Berkshire, the company has returned roughly 2,000,000% on its initial value. It’s safe to say we can all learn a lot from Charlie Munger. Today’s episode of InvestED is a favorite from the vault, where Phil and Danielle explain some of their favorite Charlie Munger quotes and cover how so many Rule #1 principles are based on his teachings. Get inspired to invest like some of the world's greatest investors, Charlie Munger and Warren Buffett, with this free guide: https://bit.ly/3wGZz3T  Topics Discussed: Charlie Munger Rule #1 Investing Principles For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
8/31/202233 minutes, 43 seconds
Episode Artwork

383- Google's Regulatory Risk (Part 1)

How do you get to the point where you like a company a lot, and want to invest, but in doing your homework, you end up coming up with convincing reasons not to buy it?  This week on InvestED, Phil and Danielle circle back to their discussion on Google, specifically, its regulatory risks that may convince believers in the company to consider not investing.  Tune in to this week’s podcast to learn more about Google’s unique position, its risks, and other world happenings to keep in mind when it comes to investing in big companies.  To learn more about how to responsibly plan for a successful investing future, download Phil’s 12-Month Financial Success Planner: https://bit.ly/3AmNEud  Resources Discussed: Ray Dalio’s LinkedIn Ray Dalio’s Principles for Dealing with the Changing World Order The Big Short Movie Topics Discussed: Investing during world conflict Regulatory Risk Regulatory intervention Confirmation bias Inversions For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/23/202238 minutes, 52 seconds
Episode Artwork

382- Investing on Vacation

This week on InvestED, Phil and Danielle are taking a break from talking about Google’s finances to talk about a more prominent topic, especially as people wrap up vacations and breaks away from work: investing when you’re tired, busy, or on vacation. Truth is, when it comes to long-term investing, you don’t need to have your nose in the numbers every day, or even every week. If you feel tired, take a break! One of the benefits of investing the Rule #1 way – long-term investing – is that you don’t have to be as attentive on a daily basis to what the market is doing, the way you’d have to pay attention if you were a short-term trader.  Tune in to this week’s podcast to learn more about how to stay on top of your portfolio, even when you need to step away for a bit and put your energy somewhere else. To learn more about how to plan for a successful investing future while still being able to take and enjoy time off for things like vacation, download Phil’s 12-Month Financial Success Planner: https://bit.ly/3AmNEud  Resources Discussed: 12-Month Financial Success Planner Topics Discussed: Short Term Trading Long Term Investing Warren Buffett Investing Strategy For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
8/17/202218 minutes, 7 seconds
Episode Artwork

381- What Happened to Google?

As inflation takes off and the federal reserve raises interest rates, making a recession more likely, what happens to the value of high growth and FAANG companies?  In this episode of InvestED, Phil and Danielle dig into what has and could happen to Google’s growth and price, and what that means for you as an investor. Between Google’s unique way to track and store data, ad-revenue generation, and changing data and privacy laws, tune into this episode of InvestED to learn more about the strategic position Google (now Alphabet) has on the market and what it means to investors. To understand whether or not investing in certain businesses is right for you, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3JlhmTm  Resources Discussed: GOOG on the NASDAQ Topics Discussed: Warren Buffett Style Investing Google’s price Data collection and regulation FAANG Stocks Network Moats Google’s Moat For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
8/9/202239 minutes, 1 second
Episode Artwork

380- FAANGM Stocks

After spending weeks discussing Netflix, Phil and Danielle dig into the other FAANGM Stocks: Facebook (now Meta), Amazon, Apple, Netflix, Google (now Alphabet), and Microsoft. Specifically, Phil and Danielle dig into Google this week. Covering everything from YouTube and Ad Revenue to Google Cloud and Google Play, you’ll learn how the online giant sets itself apart from the others and continues to grow, despite rapid change and competitors in spaces like streaming. Essentially, Google-- now Alphabet -- is as close to a monopoly as you can get.  To learn more about how to know if investing in certain businesses is right for you, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3JlhmTm  Resources Discussed: Rule #1 YouTube Channel GOOG on the NASDAQ Topics Discussed: FAANGM Stocks Google’s Moat For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
8/8/202230 minutes, 20 seconds
Episode Artwork

379- Netflix Earnings

After Netflix’s quarterly earnings meeting, the company’s value seems to have risen. During the meeting, Netflix talked about its free cash flow, explained how they expect it to grow in the future, what the future of the platform looks like, and more.  From the creation of new popular content to switching to an ad-based subscription model, Netflix continues to tinker with how to provide the most long-term value for their customers, as well as investors.  This week on InvestED, Phil and Danielle dig deeper into the changes happening within Netflix and its earnings to help you better understand the nuances, values, and risks associated with investing in a company like Netflix. To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zCiorb  Resources Discussed: Netflix Part 1 Netflix Part 2 Netflix Part 3 Netflix Questions Quarterly Report Rule #1 Toolbox Topics Discussed: Earnings Reports Free Cash Flow Ad-based subscription Real Owner Earnings For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
8/2/202235 minutes, 8 seconds
Episode Artwork

378- Netflix Questions

After digging into the important details you need to know about investing in a company like Netflix, there were still some listener questions left unanswered.  This week on InvestED, Danielle is getting to all of those questions to help provide more clarity for you when trying to understand Netflix’s business model and if it’s right for you to invest in or not.  To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zCiorb  Resources Discussed: Netflix Part 1 Netflix Part 2 Netflix Part 3 Netflix Q2 Investor Call Topics Discussed: Debt Free Cash Flow Budling of Streaming Services Culture of Management For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
7/19/20229 minutes, 15 seconds
Episode Artwork

377- Netflix Price

In their final show on the investing question mark that is Netflix, Phil and Danielle use the entertainment and streaming company as a case study to help you understand how to handle investing in a company if you can’t figure out if it has an intrinsic value. While most of the companies you invest in seem to be clear-cut, there could be some outliers. So how do you handle them? What are the red flags? How do you identify the moat? Tune in to this episode of InvestED to learn how to invest in riskier businesses and identify their moats, and why it’s important to buy wonderful businesses at fair prices instead of fair businesses at wonderful prices.  To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zCiorb  Resources Discussed: Netflix Part 1 Netflix Part 2 Netflix Part 3 Ben Graham’s Formula InvestED Book Rule #1 Book Topics Discussed: Valuation  Big moat businesses Margin of safety Debt Basic investing rules For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
7/12/202244 minutes, 21 seconds
Episode Artwork

376- Netflix (Part 3)

Continuing their discussion on the biggest investment question mark that is Netflix, Phil and Danielle dig deeper into helping you figure out complex, and seemingly impossible to invest in companies.  The Towns provide a refresh on investing basics, like what a Moat is, and how getting back to those basics can help you better understand the biggest investing questions you have, even around difficult companies to understand, like Netflix. Learn how to answer the hard questions about confusing companies like Netflix and figure out what they’re worth and what their future can look like in this episode in InvestED. To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zCiorb  Resources Discussed: Netflix 10-K Netflix Part 1 Netflix Part 2 Topics Discussed: Depreciation and amortization of content Moats and intrinsic value Rule #1 investing basics Netflix’s moat For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
7/6/202232 minutes, 52 seconds
Episode Artwork

375- Netflix (Part 2)

Continuing their discussion on the biggest investment question mark that is Netflix, Phil and Danielle dig deeper into helping you figure out complex, and seemingly impossible to invest in companies.  While Netflix may be almost impossible to understand and wrap your head around investing in, there’s still value in looking at it through the lens of basic Rule #1 investment practices that will help you learn how to avoid confirmation bias and invest logically.  Tune in to this episode of InvestED to hear what we can learn about investing from complex companies like Netflix, and people that do choose to invest in them.  To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zzKVOd  Resources Discussed: Netflix 10-K Topics Discussed: Confirmation bias Investing in companies that are “too hard” Rule #1 investing basics Understanding moats and management For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
6/29/202232 minutes, 16 seconds
Episode Artwork

374- Netflix

After a long-awaited couple of weeks, this week on InvestED, Phil and Danielle are digging into the big investing question mark: Netflix. On the surface, the technology and entertainment company seems to be doing well, however, there’s one big elephant in the room: it doesn’t have free cash flow. This is a huge red flag in the world of Rule #1 Investing, and something that typically leads Warren Buffett and Charlie Munger to avoid investing in a company. But that doesn’t necessarily mean Netflix isn’t a good investment opportunity. Join Phil and Danielle this week as they dig into how to understand a complicated company like Netflix and how to decide if it’s the right investment for your portfolio and long-term success.  To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 M’s to Successful Investing Guide: https://bit.ly/3zzKVOd  Resources Discussed: Netflix 10-K Topics Discussed: Free Cash Flow Debt Earnings Depreciation Schedule For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
6/21/202240 minutes, 19 seconds
Episode Artwork

373- How to Start

How do you start? Where do you start? What do you look at first? If you’ve ever asked yourself these questions when beginning your investing journey, you’re going to want to tune in to this week’s episode of InvestED. Phil and Danielle break down the questions everyone should ask themselves and dig into the laws of investing to better help you decide if you’re on the right track to creating generational wealth. To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 M’s to Successful Investing Guide: https://bit.ly/3zzKVOd  Topics Discussed: Investing for Beginners Laws of Investing Company Hooks Mutual Funds For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
6/14/202226 minutes, 14 seconds
Episode Artwork

372- From the Vault: Warren Buffett's Inflation Principles

In today’s episode, Danielle discussed words of wisdom on inflation shared from the letters of Warren Buffett. In the letters, you’ll learn Buffet’s warnings to other investors that we do not know what will happen with the stock market or the underlying currency, and that long-term fixed interest bonds may not continue to serve as a financial instrument and may even become obsolete.  Danielle also digs into Buffett’s points that there may not be a corporate solution to the problem of growing inflation, however, he does explain other solutions. To learn more about what type of companies to look for that can withstand inflation and this uncertain market, register for Phil’s NEW investing webinar: https://bit.ly/3GT2drc  Topics Discussed: Inflation Interest Bonds Resources: Warren Buffett’s 1979 letter Market Timing & Inflation For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/7/202226 minutes, 16 seconds
Episode Artwork

371 - An Intro to Netflix

Before Phil and Danielle dive into their episode on the interesting environment Netflix poses to investors – and thanks to travel and technical difficulties – this week, Danielle Town is sharing the rundown behind Netflix to share some insightful research on the company and help you better understand next week’s episode. Tune in this week to learn some background on the popular streaming platform and a reminder of the basics of what to look for in a company before investing to ensure you make the right investment for long-term financial success. To learn more about how to set yourself up for successful investments early on, download your FREE copy of Phil Town’s Ultimate Investing Guide: https://bit.ly/3lHi5mU  Topics discussed in this podcast: How to Start Investing Netflix Investor Resources Market Cap Definition What Makes Netflix Different (Their Value-Add) Resources discussed in this podcast: Netflix Investor Relation Page Netflix Annual Stockholder Meeting Webcast For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
5/31/202215 minutes, 31 seconds
Episode Artwork

370- From the Vault: Cheryl Einhorn on Decision-Making & Research

How do you make a decision about a company with a future that is uncertain, like Netflix? Before diving deep into all of your questions and responses about Netflix next week, this week, InvestED revisits Danielle’s interview with Cheryl Einhorn, the creator of the Area method. The Area method is a decision-making system to solve complex problems, like the question posed above. With years of experience, knowledge, and practice on deciding whether or not to invest in a company with an uncertain future, Cheryl Einhorn shares her insights with Danielle, and you, on this week’s podcast.  To learn more about how to set yourself up for successful investments, download your FREE copy of Phil Town’s Ultimate Investing Guide: https://bit.ly/3lHi5mU  Topics discussed in this podcast: Investing uncertainty Netflix Inflation Area Method Resources discussed in this podcast: Problem Solved by Cheryl Strauss Einhorn Investing in Financial Research: A Decision Making System for Better Results by Cheryl Strauss Einhorn areamethod.com For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
5/24/202245 minutes, 45 seconds
Episode Artwork

369- Market Timing and Inflation (Part 2)

Is it better to be sitting on cash during a period of inflation? How do you find a good company to invest in during an inflationary period? Should you bet against what the Federal Reserve might do?  Learn answers to these questions and more in this week’s episode of InvestED. Phil and Danielle are covering their final conversation on the takeaways from this year’s Berkshire Hathaway Annual Shareholders meeting and helping you figure out how to make intelligent investing decisions.   Tune in to learn how to stay disciplined and keep emotional investments in check during crazy times to build generational wealth in any environment! Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V  Topics discussed in this podcast: Annual Berkshire Hathaway Shareholder meeting Market timing Inflation Resources discussed in this podcast: Shareholder Meeting Information Trillion Dollar Triage For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
5/17/202227 minutes, 34 seconds
Episode Artwork

368- Market Timing and Inflation

Warren Buffett and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including inflation. While there was no massive new idea presented at the meeting, it served as a fantastic reminder of the great financial advice Buffett and Munger have been talking about for years. This week, Phil and Danielle continue their conversation from last week recapping their takeaways and learnings from the meeting, and explaining how you can use those takeaways in order to succeed with your investments. Learn more about how to successfully and safely invest your money, even in times of inflation, using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V  Topics discussed in this podcast: Annual Berkshire Hathaway Shareholder meeting Market timing Bonds vs the S&P 500 Inflation American Express Resources discussed in this podcast: Shareholder Meeting Information For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
5/10/202231 minutes, 46 seconds
Episode Artwork

367 - Takeaways from the Annual Berkshire Hathaway Shareholder Meeting

Warren and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including Bitcoin, inflation, and recognizing the real intrinsic value of companies. As lifelong learners from Buffett and Munger, Phil and Danielle recap their takeaways and learnings from this year’s meeting and explain how you can use those takeaways in order to succeed with your investments. Learn more about how to successfully and safely invest your money even in times of inflation using Phil’s Four Ms for Successful Investing Guide. Download your copy here: https://bit.ly/3sdzw1V  Topics discussed in this podcast: Annual Berkshire Hathaway Shareholder meeting How to define an investment Real intrinsic value of companies Bitcoin Resources discussed in this podcast: Shareholder Meeting Information Story of The Bank of Italy (United States) For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
5/4/202239 minutes, 12 seconds
Episode Artwork

366- Is Netflix Worth Investing In?

Have you ever thought about if it’s really worth it to go big and invest in a company like Netflix? Would they have a strong enough moat to compete against their competitors? In this episode of InvestED, Phil and Danielle debate whether Netflix is worth investing in, considering they have a wide range of competitors.  Tune in to understand how to gather the correct information to pick the best companies to invest in and determine if you would consider investing in a large company like Netflix. To help you decide if a big company is secure enough to invest in, even in uncertain times, download a copy of Phil’s Ultimate Stock Market Crash Survival Guide here: https://bit.ly/3LF6EHk  And if you have questions for Phil and Danielle about Netflix, send them an email at [email protected].  Topics discussed in this podcast: Review of inflation-proof companies Netflix’s moat Competing with other streaming options Additional resources discussed in this podcast: CNN Business List of big companies with pricing power For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/26/202241 minutes, 40 seconds
Episode Artwork

365 - Pricing Power (Part 2)

In this episode of InvestED, Phil and Danielle continue their discussion about purchasing power and dig through CNN’s list of inflation-proof companies to help you determine the strength of each company’s moat.  You’ll learn how to determine how and who to invest in during a period of stagflation to help you avoid debt and truly take control of your finances. Ready to start picking your recession-proof companies to invest in? Use Phil’s Ultimate Stock Market Crash Survival Guide to further help you figure out where to invest your money. Get your free guide here: https://bit.ly/3LF6EHk  Topics discussed in this podcast: Inflation proof companies Company moats Stagflation Rule of 72 Additional resources discussed in this podcast: Episode 364- Pricing Power (Part 1) CNN Business List of big companies with pricing power For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/19/202231 minutes, 33 seconds
Episode Artwork

364- Pricing Power (Part 1)

Will wages increase in 2022? How will you find companies that will raise their prices during a recession? In this episode of InvestED, Phil and Danielle discuss purchasing power, the future recession, and the changes in the value of money due to an increase in interest rates.  Discover companies that will bring value to your investing practices and are predicted to continue to raise prices. Learn from Warren Buffet’s experiences and study the same basic investing principles.  Understand how the proven Rule #1 strategy can help keep your money safe during the next market crash. Download a copy of Phil’s Ultimate Stock Market Crash Survival Guide. Get your free guide here: https://bit.ly/3O8nzDX  Topics discussed in this podcast: Inflation proof companies Wage increases Buffets buying and selling decisions  Additional resources discussed in this podcast: Episode 363- Inflation Proof Companies (Part 2) CNN Business List of big companies with pricing power For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/13/202238 minutes, 17 seconds
Episode Artwork

363- Inflation Proof Companies (Part 2)

What actually causes inflation? Is it the stock market’s decline during a recession and increased interest rates? In this episode of InvestED, Phil and Danielle continue their discussion on inflation, the future recession, and investing in antifragile companies to remain afloat. Learn how you can be successful with your investments, despite a recession making it difficult to do so with companies that have a big, strong moat. Prepare even more for the upcoming recession by downloading a copy of Phil’s Ultimate Stock Market Crash Survival Guide. Get your free guide here: https://bit.ly/3LF6EHk  Topics discussed in this podcast: Economic expansion Recessions Interest rates Supply chain disruptions Additional resources discussed in this podcast: Episode 362 - Inflation Proof Companies (Part 1) Episode 361 - Investing in Uncertain Environments Buffett's Investing Strategy For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/5/202236 minutes, 43 seconds
Episode Artwork

362 - Inflation Proof Companies

On this episode of InvestED, Phil and Danielle continue the discussion of investing in strong companies, especially during times of uncertainty. Higher prices lead investors to ask if a company's moat will crumble. However, a big moat has a durable competitive advantage and an inflation-proof company brings value to investing in an uncertain investing environment. Tune in to this episode of InvestED to understand more about the importance of value investing and take Phil and Danielle’s advice on finding safe, big moat companies.  To learn even more about where to find inflation-proof companies, download a copy of Phil’s Ultimate Stock Market Crash Survival Guide. Get your free guide here: https://bit.ly/3qvca75  Topics discussed in this podcast: Value investing Successful investing in uncertain times Inflation proof companies Pricing power Broken moats  Additional resources discussed in this podcast: Podcast 361 - Investing in Uncertain Environments Learn more about your ad choices. Visit megaphone.fm/adchoices
3/29/202230 minutes, 27 seconds
Episode Artwork

361- Investing in Uncertain Environments

In this episode of InvestED, Phil and Danielle take on the topic of investing during uncertain times and markets. Despite the stock market being affected by the world's current events including the war in the Ukraine, according to Phil, an uncertain investing environment is THE WAY to invest.  Tune in to this episode of InvestED where Phil and Danielle discuss when and if you should invest in an uncertain investing environment, how to take advantage of lower prices, and how to find antifragile companies. Learn where to find antifragile companies with Phil Town’s Ultimate Stock Market Crash Survival Guide. Get your guide now: https://bit.ly/3qvca75  Topics discussed in this podcast: Investing with uncertainty Finding antifragile companies Markets responding to the war in the Ukraine Depressions & Recessions Inflation & Buying Power Additional resources discussed in this podcast: Ray Dalio Signaling 100 Year Depression Nassim Nicholas Taleb‘s Antifragile For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/22/202229 minutes, 31 seconds
Episode Artwork

360 - From the Vault: Moat and Processes

In thinking about the process of finding wonderful companies at attractive prices, it helps to think of what I call the Four Ms: meaning, management, margin of safety, and moat.    This podcast is focusing on moat.   Most people know a moat to be the water around a castle but in investing terms, a moat is the durable competitive advantage that a company has that protects it from being attacked by competitors.   A moat is what makes a company predictable and allows us to put a value on the business. Charlie Munger said that “Coca-Cola is the perfect business because it has this gigantic durable competitive advantage, or moat, which gives it predictable cash flow.”    This allows us to figure out what the future cash flow will be and value the company today, so we know whether we can buy it on sale or not.   Finding a business with a wide moat is key to finding a successful business to own, because a business with a wide moat is much more predictable for the next 20 years than a business with no moat.   The idea of the moat is really simple. If an industry looks as if it might be very easy to get into, there probably isn’t a moat. On the other hand, if an industry looks as though it might be really hard to get into and be successful, you’ll probably find some wide-moat businesses.   In today’s podcast, Phil and Danielle discuss moat and value, and the processes in which they pick stocks with confidence.   Learn more about moat and the other three Ms of investing with this free guide that I’ve created for you: https://bit.ly/3MrOtpE    Topics discussed in this podcast: Moats Value Picking Stocks with Confidence For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/15/202237 minutes, 5 seconds
Episode Artwork

359 - Gap Week: What to expect in future episodes of Invest ED

This week, Phil and Danielle are taking a break from the Podcast, but wanted to share what they plan to address next. Next week's episode will focus on making important and intimidating investing decisions while taking current events into consideration. What do you do when you don’t know the future? Should you lean on the least bad of options to make your choice? Tune into the next episode of InvestED to learn more about these topics. If you’re looking for more investing resources until the next episode of InvestED, download your FREE copy of the 4 M’s of Successful Investing to learn how to invest with certainty: https://bit.ly/3MrOtpE  Topics discussed in this podcast: The changing market given current events with Russia and Ukraine More on Charlie Munger: decision making by picking the least bad option Additional resources discussed in this podcast:  Charlie Munger’s Video with Yahoo Finance For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
3/8/202253 minutes, 22 seconds
Episode Artwork

358 - Ethical Investing and tips from Charlie Munger

In this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal.  The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US.  Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to build a successful financial future for yourself with Phil Town’s FREE 12-Month Financial Planner. Download your copy now: https://bit.ly/3Gfa1l5  Topics discussed in this podcast: Investing in Cryptocurrency  Investing in other countries Investing Ethics Contradicting Investing Additional resources discussed in this podcast: Charlie Munger’s Video with Yahoo Finance For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/1/202226 minutes, 49 seconds
Episode Artwork

357 - Ethical Investing Tips from Charlie Munger (Part 1)

In this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal.  The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US.  Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to build a successful financial future for yourself with Phil Town’s FREE 12-Month Financial Planner. Download your copy now: https://bit.ly/3Gfa1l5  Topics discussed in this podcast: Investing in Cryptocurrency  Investing in other countries Investing Ethics Contradicting Investing Additional resources discussed in this podcast: Charlie Munger’s Video with Yahoo Finance For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
2/23/202231 minutes, 49 seconds
Episode Artwork

356 - Investing Lessons We Can Learn from Peloton (Part 2)

In the last episode of InvestED, Phil and Danielle discussed lessons we can learn from Peloton’s ups and downs as investors.  Continuing on that conversation, Phil and Danielle dive deeper into researching Peloton to determine the success of the company in the stock market by calculating the strength of its moat.  Tune in to this episode of InvestED for their final thoughts on how to interpret whether a company is worth investing in, given the state of the stock market, current assets and liabilities, long-term debt, and operating cash flow of the company. Learn how to invest with certainty in the right business at the right price by understanding a company’s moat. Download your FREE copy of the 4 Ms of Successful Investing: https://bit.ly/3gwwWxY  Topics discussed in this podcast: Peloton’s moat What to research in a company before investing How companies rebound after stock dips The 4 Ms of Successful Investing Additional resources discussed in this podcast: InvestED Episode 355: Investing Lessons We Can Learn from Peloton (Part 1) InvestED Episode 267: Peloton Company Analysis https://bit.ly/3gwwWxY For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
2/15/202227 minutes, 56 seconds
Episode Artwork

355 - Investing Lessons We Can Learn from Peloton (Part 1)

Over the last couple of weeks, Phil and Danielle have discussed how to invest for success despite fluctuations that may arise.  In this episode of InvestED, they use the example of Peloton’s stock history to highlight why the Rule #1 method of Investing is the best tool you can use to find long-term success, despite fluctuations.  From understanding what a moat is, and identifying Peloton’s Moat, to having a good idea of a company’s financial and management situation prior to investing, tune in to this episode of InvestED to learn how to assess if a company is right for you and your long-term investing strategy, despite any uncertainty that may arise. Learn how to invest with certainty in the right business at the right price despite market fluctuations. Download your FREE copy of the 4 Ms of Successful Investing: https://bit.ly/3gwwWxY  Topics discussed in this podcast: How to Understand Market and Inflation Fluctuations 4 Ms of Successful Investing Moats Additional resources discussed in this podcast: InvestED Episode 267: Peloton Company Analysis 4 Ms of Successful Investing Guide For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
2/8/202235 minutes, 1 second
Episode Artwork

354- The Fed & Inflation (Part 2)

Following their discussion about the Federal Reserve from the last episode of InvestED, this week, Phil and Danielle Town dig deeper into inflation. From discussing how the Federal Reserve used to calculate inflation, to understanding all of the nuances to the way it’s calculated now, tune in to this episode of the InvestED Podcast to gain a better understanding of what the current inflation rate is and what it means for the world economy. To stay prepared for any changes in inflation or to the market as a whole, claim your FREE copy of the Rule #1 12-Month Planner: https://bit.ly/3Gfa1l5  Topics discussed in this podcast: Inflation The future of the economy & markets Supply & labor bottlenecks Wage increase Substitution Additional resources discussed in this podcast: Federal Reserve Economic Data (FRED) FRED M1 Chart Shadowstats For show notes and more information visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
2/1/202215 minutes, 20 seconds
Episode Artwork

353- The Fed & Inflation (Part 1)

A few episodes ago, Phil and Danielle talked about the future of the market – how it’s changing, where it’s going, and what would happen if interest rates go up.  Continuing on that conversation, tune in to this episode of InvestED where Phil and Danielle dig into what would happen if the Federal Reserve raises interest rates and how much they could raise them without crushing the economy. And, don’t miss as they start discussing changes in inflation. To stay prepared for any changes in inflation or to the market as a whole, claim your FREE copy of the Rule #1 12-Month Planner: https://bit.ly/31ImPCl  Topics discussed in this podcast: Inflation The future of the economy & markets Supply & labor bottlenecks Wage increase Substitution Additional resources discussed in this podcast: Federal Reserve Economic Data (FRED) FRED M1 Chart Shadowstats For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/25/202225 minutes, 8 seconds
Episode Artwork

352- Your Margin of Safety - How Close is Close Enough?

The Rule #1 Investing method is a lot of research and waiting for the right time. But when is the right time? Is it okay to compromise somewhere throughout your journey?  This week on InvestED, Phil and Danielle discuss using the “margin of safety” when looking to buy their stocks. Truth is, while the Rule #1 Investing Method will put you on the right track, there’s still so much opportunity to be flexible depending on your own situation and values. Tune in to learn how to define your margin of safety to help you avoid investing mistakes – whether it be ignoring your margin of safety, or staying too far within the lines of it. To help keep yourself on track for success as you navigate your financial future, download the FREE 12 Month Planner that will help you organize your priorities and promises to set yourself up for financial gain in 2022: https://bit.ly/31ImPCl  Topics discussed in this podcast: How to tell if you’ve made a mistake Defining your own investing rules Difference between founder-led and non-founder led companies Additional resources discussed in this podcast: Lou Simpson Passed Away Activision Scandal & Stock Patterns For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/18/202236 minutes, 27 seconds
Episode Artwork

351- Making Sense of the Markets

Is there a change coming to the market?  Whether you believe there is or not, knowing when and how to invest can be a confusing and overwhelming process for some. But there’s one way to feel certain and confident about your investment decisions: Investing the Rule #1 Way. Join Phil and Danielle Town as they dive into the history of the market, what to expect of it in the future, and why value investing will allow you to feel confident and stable with your investments during market fluctuations.  To put yourself on the track to financial success, download the FREE 12 Month Planner that will help you organize your priorities and promises to set yourself up for financial gain in 2022: https://bit.ly/31ImPCl  Topics discussed in this podcast: Value Investing Emotional Investing When to Buy & Sell History of the Stock Market Control Company for Investors Additional resources discussed in this podcast: Biggest Investing Mistakes with Jeremy Deal How Investing Works For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/11/202228 minutes, 22 seconds
Episode Artwork

350- How Investing Works

It may not be fast or flashy, but the Rule #1 way of investing that Phil and Danielle have been following for more than 7 years works for a reason: those who follow the Rule #1 way actually understand the strategy of how to invest instead of gambling on getting lucky. While there are many ways to successfully invest, Phil and Danielle run through the positives and negatives of each in this first podcast episode of 2022. Tune in as they also walk through the history of the market, how it can help you understand what’s going on in the market today, and how you can use that knowledge to understand how to invest your money for the best. To learn more about how to successfully invest your money in the new year and beyond, download a copy of Phil’s Complete Guide to Investing for FREE here: https://bit.ly/3mVqxQs  Topics discussed in this podcast: Interest Rates Buffett Investing Long Term Investing Bond Investing Additional resources discussed in this podcast: Shiller PE Ratio Net-Net strategy For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/4/202238 minutes, 28 seconds
Episode Artwork

349- Rule #1’s 2021 Year in Review

This year has been quite the rollercoaster for many of us. We’ve all been through a lot and we continue to face the constant changes that life throws at us.  But, when you put in the effort to find that one thing in your life that allows you to transcend and pull back from what is truly happening in the world, you’ll be able to find yourself at peace. This week, Phil and Danielle Town take a look back on 2021 and reflect on everything that has happened. They discuss how to be your best self by practicing a form of meditation that’s best for you and allows you to clear your mind and go beyond your abilities.  To start off the New Year with a plan to succeed and be your best self, register for Phil’s Transformational Investing Webinar where you can learn how to invest as a beginner. Sign up here: https://bit.ly/3sDcmTJ  Topics discussed in this podcast: A look back at 2021 Life’s constant changes Learning how to transcend Using meditations Beginning your investing journey   For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/28/202115 minutes, 54 seconds
Episode Artwork

348- Betting with Options

Last week, Phil and Danielle talked about one of the two extremes of Warren Buffett’s Investing strategies: Net-Nets. This week, the investing duo discusses the other extreme: Options.  As the market started booming again post World War II, Buffett found the Net-Net strategy to be extremely difficult, so he transitioned to trading options – a riskier, but higher return strategy. Tune in as Phil and Danielle explain everything you need to know about options trading, why it should not be considered as investing, and what is in between both of Buffett’s two investing extremes. To learn more about how to successfully invest as a beginner, download a copy of Phil’s Complete Guide to Investing for FREE here: https://bit.ly/3oSjWaK  Topics discussed in this podcast: The Net-Net Investment Strategy & History Options Trading Investing Extremes Put Option Call Option Meme Stocks Additional resources discussed in this podcast: The Net-Net Strategy Explained The Complete Guide to Investing for Beginners   For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/21/202134 minutes, 58 seconds
Episode Artwork

347- The Net-Net Strategy Explained

There are two extremes of Warren Buffett’s Investing Strategies, and one of those extremes is Net-Nets. The Net-Net Strategy was actually developed by economist Benjamin Graham, who Buffett studied under after graduating from Columbia. The Net-Net strategy is generally seen as an extremely conservative investment strategy, and after following it throughout the great depression, Benjamin Graham saw extreme success. Join Phil and Danielle as they dive deeper and explain the history of Net-Nets, how and why to use them today, and briefly touch on the other extreme of Buffett’s investing strategies. To learn more about how to successfully invest as a beginner, download a copy of Phil’s Complete Guide to Investing for FREE here: https://bit.ly/3oSjWaK  Topics discussed in this podcast: The Net-Net Investment Strategy & History Stock Options Investing Extremes Additional resources discussed in this podcast: Investing Checklist Logistics - Part 1 Investing Checklist Logistics - Part 2 Net-Net Definition   For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/14/202133 minutes, 12 seconds
Episode Artwork

346- Investing Checklist Logistics - Part 2

After walking through the first few steps of the Investing Checklist -- Munger’s 4 Principles, Ackman’s 8 Point Checklist, basic valuation, and research -- what comes next? A good place to start is by choosing a company or industry that’s relatively easy for you to understand and practice digging deeper in research using the checklist...even if you don’t end up investing in that company. Join Phil and Danielle as they continue their conversation about the Investing Checklist Logistics to dig even deeper and help you better understand the companies you’re interested in and the best process you should follow to see success when it comes time for you to invest. To see the must-have investing checklist Phil and Danielle use, download your own copy for FREE here: https://bit.ly/3Inmmpv  Topics discussed in this podcast: Investing Checklist The Role of Competition Investing Research Investing Resources Additional resources discussed in this podcast: Investing Checklist Logistics - Part 1 Peter Thiel’s “Competition is for Losers” Innovation Stack by Jim McKelvey Must-Have 90 Question Investing Checklist Evernote   For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/7/202141 minutes, 52 seconds
Episode Artwork

345- How and Why to Know When You’re Right

Sometimes the best thing you can do when it comes to investing successfully is nothing...at least until you know you’re 100% right about where you’re about to put your money.  This week on InvestED, Phil and Danielle discuss the critical step to take after you’ve made it through the Investing Pyramid and before diving deeper into the investing checklist: Having Patience & Staying Simple. It’s no secret how effective the Rule #1 Investing Strategy is, and it’s because Rule #1 Investors do two things: They keep things simple and invest in what they know and believe They’re patient and wait for the best time to buy To learn how to pick the right stocks for your portfolio and help you keep things simple, download the 5-Step Checklist for How to Pick the Best Stocks for FREE here: https://bit.ly/3riDBSW  Topics discussed in this podcast: Investing with Patience Investing Checklist How to Invest When to Invest Best Time to Invest Additional resources discussed in this podcast: Charlie Munger’s 4 Principles of Investing Bill Ackman’s 8 Point Checklist The Investment Checklist Pyramid Investing Checklist Logistics - Part 1 For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/1/202136 minutes, 59 seconds
Episode Artwork

344 - Investing Checklist Logistics - Part 1

So you’ve made it through the first two steps of the investing pyramid and are now wondering what comes next? In this episode, Phil and Danielle walk through the first few steps of the Investing Checklist, explaining the importance of basic valuation, company research, and how your decision to include a company in your portfolio should be an iterative process. You’ll also learn about helpful resources Phil, Danielle, and Rule #1 Workshop attendees use to see success, which are also linked below. To dive deeper into the checklist, download your own copy of the must-have investing checklist for FREE here: https://bit.ly/303Fs2U  Topics discussed in this podcast: Investing Checklist Company Valuation Investing Research Helpful investing tools Case Studies/Historical Examples of Companies that Have Passed the Investing Checklist Steps Additional resources discussed in this podcast: Warren Buffet Partnership Letters Warren Buffet Berkshire Letters Bill Ackman’s 8 Point Checklist Rule #1 Investing Checklist Charlie Munger’s 4 Principles of Investing Evernote For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/23/202135 minutes, 49 seconds
Episode Artwork

343- The Investment Checklist Pyramid

When it comes to finding the right investments for your portfolio, there are a few steps you should take in order to make sure you’re making the best decision. These steps include understanding the business you’re interested in adding to your portfolio, finding a rational, trusted partner to bounce ideas off of, and completing each level of the 3-step investing research pyramid. This week, Phil and Danielle Town break down all points of research you should consider and explain the 3-step investing research pyramid, which includes Charlie Munger’s 4-Step Investing Checklist, Bill Ackman’s 8 Principles to Successful Investing, and the Rule #1 Investing Checklist. To help you complete your investing research pyramid in the most effective way possible, download the must-have investing checklist for FREE here: https://bit.ly/303Fs2U  Topics discussed in this podcast: Investing Research Investing Checklist Charlie Munger Bill Ackman How to invest Investing for Beginners The First Step to Successful Investing Additional resources discussed in this podcast: Charlie Munger’s 4 Point Checklist Bill Ackman’s 8 Point Checklist Rule #1 Investing Checklist Learn more about your ad choices. Visit megaphone.fm/adchoices
11/16/202133 minutes, 22 seconds
Episode Artwork

342- Invest at Your Own Speed

When it comes to investing you should never go faster or do more than what you’re ready for. If you do, you’re going to crash. Phil and Danielle discuss the importance of taking small steps and being patient with your comfort in investing in order to see success. Taking your ego and hubris out of your investing process is going to be critical to success. While you may be excited and sometimes feel like you’re ready to take a big step when it comes to your portfolio, always be sure to take a step back and re-assess if you’re actually ready to take that step.  To help you take that critical step back and fully understand where you’re putting your money, use Phil’s must-have investing checklist to guide you to success. Download it here:https://bit.ly/303Fs2U  Topics discussed in this podcast: How to Invest Safely Investing Mistakes When to Invest Investing Preparedness Value Investing For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/9/202133 minutes, 26 seconds
Episode Artwork

341- Understanding Debt and the Unexpected

Debt matters. So how do you find the value of a company you want to invest in if they’re carrying around debt? Stemming from a conversation about the role of debt in Liberty Media Corporation’s purchase of Formula One Racing from last week’s episode, Phil and Danielle dive deep into a conversation about how to use the 10 cap formula to accurately find the true valuation of the company you’re investing in, even when they’re carrying around debt, to ensure you’re making the right investment decision. Phil and Danielle also discuss the level of unpredictability of investing you should almost always expect, using the history and future of Tesla as an example. Discover the 5 long-term advantages you should look for in your business investments in Phil’s free guide. Download it here: https://bit.ly/3nMiyEQ  Topics discussed in this podcast: Value Investing How to factor debt into investment opportunities The 3 Fs of Shorting Unpredictability in Investing Resources discussed in this podcast: InvestED by Danielle and Phil Town Investing Lessons from Formula One | Podcast Episode #340 Learn more about your ad choices. Visit megaphone.fm/adchoices
11/2/202134 minutes, 14 seconds
Episode Artwork

340- Investing Lessons from Formula 1: Understanding What You Really Own

So you invested in a business...but do you know who ACTUALLY owns that business? Do you know what the management is like and how that can drastically affect the success of your investment? For sports fans — especially racing fans — Formula One Racing (owned by Liberty Media Corporation) seems like an attractive stock to add to your portfolio, as it’s one of the few opportunities to invest in sports. As Phil returns from the United States Grand Prix, he and Danielle reflect on the sport growing in popularity and discuss when to give stock, like Formula 1, the green light to drive into your portfolio. Phil and Danielle dive deep into the first step of the investing checklist to explain what the history of Formula One can teach you about investing and the importance of understanding the business behind your investment...before you actually buy. Download the easy-to-use checklist discussed in the episode and learn how to find the best companies for your portfolio: https://bit.ly/3mivmDe  Topics discussed in this podcast: Warren Buffett’s investing strategies Value investing Real-life investing Investing in Trusted Management Formula 1 Stock Resources discussed in this podcast: The Innovation Stack by Jim McKelvey Bill Ackman’s 8 Principles Phil’s Go-To Investing Checklist Learn more about your ad choices. Visit megaphone.fm/adchoices
10/27/202137 minutes, 45 seconds
Episode Artwork

339- The Investing Checklist in Real Life

Buying stocks is not something that should be taken lightly. Selecting which companies to buy can make or break you as an investor. Before you buy shares in a company, it is essential to thoroughly investigate that company’s mission, management, goals, outlook, and fundamentals. Think of it this way: you would never buy 100% of a company without thorough due diligence, and, likewise, you shouldn’t buy a small percentage of a company without doing the same. You can do your due diligence by using an investing checklist, so you can reduce your risk and maximize your profits over time. In this podcast, Phil and Danielle discuss investing using a checklist, and how it oftentimes relates to experiences in the real world.  Download my easy-to-use checklist and learn how to apply the Four Ms of investing: https://bit.ly/305Cr1p Topics discussed in this podcast: Investing metaphors Real-life investing scenarios How to pick stocks The Four Ms of investing Company valuations Understanding companies  Learn more about your ad choices. Visit megaphone.fm/adchoices
10/19/202132 minutes, 28 seconds
Episode Artwork

338- Stick to the Investing Checklist!

Rule #1 has been the basis of excellent investing for the last 80 years by successful investors like Warren Buffett, and it will be the basis of excellent investing 80 years from now.  First, understand that Rule # 1 literally is “Don’t Lose Money,” but what it means in practical terms is to invest with certainty.  Certainty comes from this: buying a wonderful business at an attractive price. The word “wonderful” actually encompasses three out of four elements in the Four Ms. This is a part of the must-have checklist before purchasing any stock. In this podcast, Phil and Danielle discuss why sticking to this checklist is critical for never losing money in investing.  Learn more about the Four Ms with this guide: https://bit.ly/305Cr1p Topics discussed in this podcast: How to pick stocks The Four Ms of investing Company valuations Understanding companies  Recessions Market fluctuations   Learn more about your ad choices. Visit megaphone.fm/adchoices
10/12/202135 minutes
Episode Artwork

337- Checklist Inversion

“Invert, always invert” — Charlie Munger If you want to really be a great Rule #1 investor, you must have an investing strategy in place to help guide you.  You must create a story for the company you want to invest in and determine why this is a great company. Once you have that story, invert it by flipping to the opposite point of view.  You should try to create the argument that this investment isn’t the best idea, and if you can’t, then that is a sign that you don’t know enough about the company yet. So, as a part of your Four Ms checklist, one of the last steps is to invert.  When you apply inversions to buying a business, there are four key reasons to look at:  You have a serious inversion for every key reason to own the business You know every reason not to buy a company, better than the short sellers For every inversion, you know a solid rebuttal that erases the inversion Short sellers are wrong! In this podcast, Phil & Danielle cover why it’s important to invert along with four key things to consider for your checklist inversions. Learn more about buying wonderful companies with the Four Ms Guide! Click here to get started: https://bit.ly/3uHlZ2T Topics discussed in this podcast: How to Create a Story Why You Should Always Invert How to Invert to Own a Business Four Key Points of Inversions Relating to Chipotle & Gamestop Learn more about your ad choices. Visit megaphone.fm/adchoices
10/5/202139 minutes, 6 seconds
Episode Artwork

336- Investing Checklist Takeaways

If you’re doing it right, investing in the stock market is much more than picking a few companies, buying a few shares, and hoping for the best. Smart investors are those that are disciplined and have an investing strategy in place to help guide them as they go along with their investment choices. And that includes having a checklist to help you make important investing decisions. Rule #1 investors like to use the Four Ms checklist. They tie into the strategy of, “Buying wonderful businesses at attractive prices” and are important to consider when investing your money for the long-term. “Wonderful” indicates that any business you invest in strongly meets the criteria of three of the Four Ms: Meaning: You understand the business enough to want to own the whole thing if you could, that you’d be proud to own it, and that it reflects your values. Moat: The business must meet certain criteria in terms of financial strength and predictability, creating a symbolic Moat to surround and protect it from competitors. Management: The business is led by skilled, experienced individuals that you respect. Margin of Safety: You are buying the business on sale relative to a known value (which I teach you to calculate easily). Rule #1 is straightforward, but you must be thorough. That’s why Phil created this Four Ms Checklist to help make sure you don’t miss a thing.  In this podcast, Danielle covers a few of her checklist takeaways, and explains why it’s important to have your own checklist and stick to it to reduce your risk in the stock market. Learn more about buying stocks on sale with the Four Ms Guide! Click here to get started: https://bit.ly/3ocoMQg Topics discussed in this podcast: Stock market events How to find stocks on sale How to pick stocks Company valuations Understanding companies    Learn more about your ad choices. Visit megaphone.fm/adchoices
9/28/202114 minutes, 57 seconds
Episode Artwork

335- Rule #1 Event Checklist - Part 2

Why do stock market events cause stocks to go on sale? Let’s say that cotton prices start to go nuts because of the Arab Spring. Maybe they’re not going to harvest Egyptian cotton crops, so cotton prices go from $1 to $3. The guys who own companies that depend on cotton prices to be low look at the price and say, “Oh no. It’s going to take over a year before cotton prices come down, I need to get out of this company.” This happens even if there isn’t anything wrong with the company, it’s just going to have a bad year. That company could go from $45 to $15 simply because there are no big buyers. They all get out of the company on momentum. This is what causes stock market prices to change. So, how do Rule #1 Investors take advantage of stock market events? Rule #1 investors buy for the long term. They wait, and when they see something that’s on sale because the big guys have sold it off, it takes them just a few seconds to get in there and take advantage of these stock market events. In this episode of the InvestED podcast, Phil and Danielle discuss stock market events more in-depth, and how to take advantage of when stocks go on sale. Learn more about buying stocks on sale with the Four Ms Guide! Click here to get started: https://bit.ly/3hRUZs1 Topics discussed in this podcast: Stock market events How to find stocks on sale Uncertainty in the market Warren Buffett Tesla Learn more about your ad choices. Visit megaphone.fm/adchoices
9/21/202133 minutes, 51 seconds
Episode Artwork

334- Rule #1 Event Checklist

The key to finding stocks on sale is to wait for a Rule #1 event. What’s a Rule #1 event? It is when something happens that affects the entire market and makes the stock price of a good company drop far below its real value. This could be a recession, a pandemic, an election — you name it.  Remember, the stock price doesn’t reflect the actual value of the company. We know that the company’s price will bounce back in time, and because we take a long-term approach to investing in stocks, we aren’t worried.  During an event, when others are panicking, we can take advantage of the downturn and buy wonderful companies at a tremendous discount.   This is why it’s so important to have your watchlist of wonderful companies ready to go. When you do, you can just sit back and wait for a Rule #1 event to temporarily lower the price of the stocks on your watchlist, and then BUY. When the company recovers from the event and returns to its previous price, your investment could double. In this episode of the InvestED podcast, Phil and Danielle discuss stock market events more in-depth, and how to take advantage of these opportunities as an investor. Learn more about buying stocks on sale with the Four Ms Guide! Click here to get started: https://bit.ly/3Ac9Ogl Topics discussed in this podcast: Stock market events How to find stocks on sale Uncertainty in the market Greed in the market Warren Buffett Mohnish Pabrai Valuation methods Chipotle stock recovery Learn more about your ad choices. Visit megaphone.fm/adchoices
9/14/202138 minutes, 17 seconds
Episode Artwork

333- Invest in What You Love!

When it comes to investing, conventional wisdom says to hand your money over to a financial advisor and let them diversify your investments for you. Why think too much about where your money is going if you don’t have to? But there’s a problem with that mindset: your values matter and you should be investing in what you love.  Consistently pouring your life and efforts into the things you care about — that matters. As much as 85% of the stock market is controlled by small investors. Imagine the impact those small investors could have if they invested based on their passions and values, rather than the values (or just the blind greed) that drives financial institutions’ investment decisions. You can choose to invest in whatever you want and wherever your passions lie. And the great thing about it is that everyone values something different. Invest in stocks that you value. If you’re not sure what your values are, it’s time to step back and do a little searching. In general, it might make sense not to invest in products or companies that make the world a worse place to live in, but that’s totally up to you. In today’s episode, Phil and Danielle talk about taking charge of your investments and making sure that you’re putting your money where your passions and values lie. Because at the end of the day, you’re better off knowing that you’ve used your resources as wisely as possible, and that you’ve done your best with what you’ve got. Learn more about investing in companies that you already know and love with this Four Ms Guide! Click here to get started: https://bit.ly/2X0sRvq Topics discussed in this podcast: Warren Buffett How to pick stocks Company analysis Investing with your values COVID-19 vaccines Learn more about your ad choices. Visit megaphone.fm/adchoices
9/8/202138 minutes, 50 seconds
Episode Artwork

332- Warren Buffett's Inflation Principles

In today’s episode, we discuss some words of wisdom shared from the letters of Warren Buffett. There is one concept in particular that we can take from these letters that still applies today, and that is inflation. First, we focus on Warren Buffett’s 1979 letter, where inflation rose to 11.2% in the United States. Buffett decided to write about this in the letter along with larger financial issues in the macro-economic world. He starts by telling other investors that we do not know what will happen with the stock market or the underlying currency. Long-term fixed interest bonds may not continue to serve as a financial instrument and may even become obsolete.  Warren Buffett also points out that there’s no corporate solution to the problem of growing inflation. As currency becomes more worthless, companies do not have a solution to this problem - they just have to do their best. As we fast forward to the early 1980s, Warren Buffett writes some solutions to these types of problems.  First, choose an investment that is adaptable to inflation. This means that earnings will increase consistently with its raised prices without adding in additional capital. The second solution is to choose an investment with very little bad debt, which could sink the company. And lastly, shift your measure of success from earnings, which no longer mean anything on their own, to gains and purchasing power. Danielle leaves us with a final thought on how the pace of economic change has become breathtaking and we need to be ready to adapt. If you want to learn more about what type of companies to look for that can withstand inflation and this uncertain market, register for my NEW investing webinar: https://bit.ly/3mQCVlh Learn more about your ad choices. Visit megaphone.fm/adchoices
9/1/202125 minutes, 31 seconds
Episode Artwork

331- From the Vault: Rule of 72

The Rule of 72 is a simple equation to help you determine how long an investment will take to double, given a fixed interest rate. It’s a shortcut that you, as an investor, can use to estimate if an investment will double your money quickly enough to be worth pursuing. When you see how quickly your money can double, you’ll understand the power of compound interest.  Compound interest is what makes you wealthy over time; the longer your money is invested, the more it grows. But, how? As you earn interest on your initial investment, those earnings are added to the initial amount while earning interest. This produces more earnings, which can then be reinvested as well.  It’s a powerful cycle that can lead to incredible growth. The Rule of 72 paints a picture of how quickly your money can grow without any additional investment on your part.  You don’t need a special ‘Rule of 72’ calculator to figure out this equation — it’s easy.  Simply divide 72 by the fixed annual rate of return and you’ll know how many years it will take for your money to double.  72 / rate of return = # of years If you’re trying to compute when your money will double at a given interest rate, this formula can be used to determine the interest rate you need your money to double in a set timeframe:  72 / # of years = rate of return In this vault episode of the InvestED podcast, Phil and Danielle discuss the Rule of 72 more in-depth and explain why it’s critical to understand this rule in order to be a great investor.   Topics discussed in this episode: Rule of 72 Compound interest How to pick stocks How to double your money     Learn more about your ad choices. Visit megaphone.fm/adchoices
8/24/202139 minutes, 4 seconds
Episode Artwork

330- From the Vault: Investing in Commodities - Part 2

Physical commodities are investments that you can physically own, such as gold, silver, natural gas, and oil.  Take gold, for example. The price of gold rises and falls, depending on the demand. Demand tends to go up only when people are feeling afraid or uncertain about the future. The problem with investing in gold is that you can’t accurately predict what the demand will be at any particular time. That makes investing in gold more like gambling than like smart investing. If you really want to learn how to invest the smart way, it takes a good amount of due diligence and patience but the long-term payoff is worth it. By following smart investment practices that have made people like Warren Buffett extremely wealthy, you may not make money fast, but you have the potential to make more of it. Warren Buffett started with a small amount of money too, and he turned it into $30 billion. This goes to show that it isn’t about the money you have, it’s about the knowledge you have.  In this vault episode of the InvestED podcast, Phil and Danielle discuss investing in commodities, whether or not they keep up with inflation, and in what scenarios they could be a worthwhile investment despite their inherent risk.  If you want to learn how to reduce your risk while investing, check out this guide where Phil explains how to pick stocks the Rule #1 way: https://bit.ly/3fX1adE Topics discussed in this episode: Valuation methods of investing Types of investments How to pick stocks Commodity stocks   Learn more about your ad choices. Visit megaphone.fm/adchoices
8/17/202141 minutes, 14 seconds
Episode Artwork

329- From the Vault: Investing in Commodities

Physical commodities are investments that you physically own, such as gold, silver, natural gas, and oil.  A commodity stock has several key attributes:   Its products compete primarily on price, but it is not a low-price competitor. Its products are the same as another company’s products. It has no brand identification.  It can’t raise its prices with inflation or increasing costs.   Let’s take gold for example. The practice of investing in gold goes way back, but that doesn’t necessarily mean it’s a great investment. Gold’s price is based on scarcity and fear, which can be impacted by political actions or environmental changes.  If you are investing in gold, be aware that your protection against a price drop, your moat, is based on external factors so the price can fluctuate a lot, and quickly. The price tends to go up when scarcity and fear are abundant and down when gold is widely available and fear is abated. If you think the world is going to be a more fearful place in the future, then gold could be a good investment for you. But this isn’t the case for everyone.  In this vault episode of the InvestED podcast, Phil and Danielle delve further into commodities and discuss what sets them apart from other types of investments. If you want to learn more about how to pick the right investments for you and your lifestyle, check out this guide where Phil explains these principles more in-depth: https://bit.ly/3CGUQkf Topics discussed in this episode: Valuation methods of investing Types of investments How to pick stocks Commodity stocks           Learn more about your ad choices. Visit megaphone.fm/adchoices
8/10/202140 minutes, 39 seconds
Episode Artwork

328- Valuation Checklist

“Sticker price is what I call the value of the business.” — Phil Town Why does Phil call it the Sticker Price? You know how you have a sticker on the window of a new car and it tells you what the price of the car is, and you never pay the Sticker Price? That’s why we named the value of the business the “Sticker Price.” Rule #1 investors never pay the Sticker Price. They always want to buy it at a significant discount to its true value. How do you find the Sticker Price? That’s the critical part of this whole equation of understanding what businesses to buy. First, you have to make sure it’s a business that you understand the meaning of. You understand it has a big, durable moat and it has a great management team. Now you can start looking for the value. Next, in order to evaluate the Sticker Price you want to find the Future Growth Rate, the P/E Ratio, and your Minimum Acceptable Rate of Return. The Future Growth Rate is always an estimate, the other numbers you can find on financial statements and plug them into the calculator above to see the value, or Sticker Price, of the company's stock. Next, you simply cut that price in half (or take 50%) and that is your Margin of Safety price. For example, if you wanted to buy into a business that was worth $80 per share (Sticker Price), you would look for a Margin of Safety of $40. If the company cannot be bought at $40, then you should add it to your watchlist, update your calculations periodically as new information becomes available, and exercise patience. This week on InvestED, Phil and Danielle discuss Phil’s investing valuation checklist more in-depth and discuss why it’s critical to only purchase companies with a large Margin of Safety, at a discounted Sticker Price. If you want to learn more about evaluating companies using the Four Ms of Rule #1 Investing, check out this guide where Phil explains these principles more in-depth: https://bit.ly/37hIOPv Topics discussed in this episode: Valuation methods of investing Rational investing The Four Ms of investing How to pick stocks Chipotle Stock Warren Buffett Charlie Munger   Learn more about your ad choices. Visit megaphone.fm/adchoices
8/3/202133 minutes, 5 seconds
Episode Artwork

327- Phil’s Investing Checklist Review

Warren Buffett said, “Be certain,” and here’s how you’re going to be certain. If you buy a wonderful business at an attractive price, you’re certain to make money. It’s essentially like buying a $10 dollar bill for five bucks. You focus on a couple of key things to make sure you know what you’re getting. So, what is a wonderful business?  A wonderful business is understandable, and we’re passionate about it. We call that the meaning of the business. It’s durable, we call that the moat. Like the water around a castle protects it from attack.  The CEO is honest, passionate, and owner-oriented, and we call that management. Those are the first three M’s. We make sure that we understand all three M’s before we go forward, then we look at the price. Ben Graham, who taught Warren Buffett how to do this said, “The three most important words in investing are margin of safety”. The margin of safety is a measure of how “on sale” a company’s stock price is compared to the true value of the company. You need to be able to determine the value of a company and from that value determine a “buy price”. The difference between the two is the margin of safety. The goal is to find wonderful companies for 50% off their actual value. This allows you to purchase a company when it is undervalued at a price that all but guarantees a great return on your investment. This week on InvestED, Phil and Danielle discuss Phil’s investing checklist in-depth and explain why it is the essence of Rule #1 Investing, as well as value investing as a whole. If you want to learn more about the Four Ms of Rule #1 Investing, check out this guide where I explain these principles more in-depth: https://bit.ly/3eZYvPQ Topics discussed in this episode: Warren Buffett Charlie Munger Valuation methods of investing Rational investing The Four Ms of investing How to pick stocks Learn more about your ad choices. Visit megaphone.fm/adchoices
7/27/202131 minutes, 34 seconds
Episode Artwork

326- Bill Ackman’s Investing Checklist Part 3

William Albert Ackman is an American investor and hedge fund manager. He has a well-known 8-point investing checklist, which is straightforward and reflects the basic principles of Rule #1 Investing. That checklist includes only investing in simple and predictable businesses with a dominant market position, limited risk, a strong balance sheet, excellent management, high return on capital, free cash flow generative, and large barriers to entry. Sound familiar? There’s a lot of talk in the financial community about “diversification,” which simply means investing your money in a variety of ways in order to provide a safety net should one investment go south. The thing is, you don’t need to diversify if you know how to invest and understand what you are investing in. By taking the time to research and learn about the companies you are investing in, you are providing your own safety net, because you won’t invest in any company that doesn’t meet the standards for a wonderful company, as it is defined in Rule #1 Investing. That is key.  This week on InvestED, Phil and Danielle discuss Bill Ackman’s checklist more in-depth, and explain why you can’t blindly put your money in stocks chosen at random and expect to achieve great returns. In order to succeed investing in the stock market, you have to use a system and a strategy. Learn how to find and pick quality stocks with this FREE Four Ms Guide: https://bit.ly/3krSdvB Topics discussed in this episode: Bill Ackman Valuation methods of investing Rational investing Tesla stock Coca-Cola stock Learn more about your ad choices. Visit megaphone.fm/adchoices
7/20/202132 minutes, 34 seconds
Episode Artwork

325- Michael Burry’s 13F Report

Michael Burry is an American investor, hedge fund manager, and physician. Burry is one of the most renowned names in the hedge fund industry, managing over $1 billion in assets. Michael Burry has been in the news recently after regulatory filings revealed that he had PUT options on more than 800,000 shares of Tesla (TSLA).  There has also been information released on which stocks he plans to sell, including The Allstate Corporation (ALL), Discovery, Inc. (DISCA), The GEO Group, Inc. (GEO), and Ares Capital Corporation (ARCC). But what can people do with this information? Coattailing is a popular technique in investing. When you use coattail investing strategies on some of the best investors, you’re essentially looking and copying the people who we know have made enormous rates of return over 20 and 30 year periods of time. Some examples of these types of investors are Michael Burry, Charlie Munger, Warren Buffett, David Einhorn, and Bruce Berkowitz. So, how can you coattail the best investors?  Investors who manage more than $100 million dollars have to file what they bought and what they sold every quarter with the SEC. All you have to do is look it up. It’s free information. Find out what investors you want to copy and then go to the SEC website and look at what they are buying and selling every quarter. They have to file every 90 days, so check to make sure the price of the stock is still around what they paid for it. If you like the company, which is critical, apply the Four Ms of investing and make sure it’s on sale for an attractive price. In this episode of InvestED, Phil and Danielle discuss Michael Burry’s 13F filings and why it’s important to do your own research as an investor. If you want to learn more about finding quality stocks based on the Four Ms of investing, download this FREE guide: https://bit.ly/3r4L2Lb   Topics discussed in this episode: Michael Burry  SEC Reporting Leveraged investments Options  Pfizer stock Google stock Tesla stock Picking stocks   Learn more about your ad choices. Visit megaphone.fm/adchoices
7/13/202136 minutes, 39 seconds
Episode Artwork

324- From the Vault: Is an “Event” Required?

“I don’t mind not making money on something that I’m not sure about.” - Phil Town If a company has never had an event but appears to be on sale, is it a good investment? Meeting the requirements of the Four Ms and the Big 5 Numbers just proves that a company is worthy of being on your watchlist, but doesn’t give you the green light to buy just yet.  As Rule #1 Investors, we want to buy wonderful companies, yes, but only when they are at the right price. That’s why the last step is to wait patiently to buy stocks when, and only when, they go on sale. Buying a stock on sale helps take the risk out of investing and makes it easier to get fantastic returns. The key to finding stocks on sale is to wait for a Rule #1 event. A Rule #1 event is when something happens that affects the entire market and makes the stock price of a good company drop far below its real value. This could be a recession, a pandemic, an election, you name it.  Remember, the stock price doesn’t reflect the actual value of the company. We know that the company’s price will bounce back in time, and because we take a long-term approach to investing in stocks, we aren’t worried. During an event, when others are panicking, we can take advantage of the downturn and buy wonderful companies at a tremendous discount.   In this vault episode, Phil and Danielle discuss why as a Rule #1 investor, it’s critical to take advantage when stocks go on sale.  Learn how to prepare for the next Rule #1 event with Phil’s Ultimate Stock Market Crash Survival Guide: https://bit.ly/2UuIhGS  Learn more about your ad choices. Visit megaphone.fm/adchoices
7/7/202136 minutes, 54 seconds
Episode Artwork

323- The Best Munger Quotes - Part 4

“We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.” ― Charles T. Munger This further proves the point that reading is so fundamental to being an investor.  Start with what you know and with what you love. If you don’t understand a business as if you owned the company, stop and move on to the next company. This is the most important, and perhaps the easiest to overlook, part of Rule #1 investing. When you think of buying stocks, think of it as purchasing the entire business. Once you find a business that you love, your next step is to research the company inside and out, by reading 10-K reports and any articles you can get your hands on. You can start by thinking about all of the things you are talented at, and make a list. This can be things like running, playing piano, creative writing, and more. Next, think about where your passions lie. Maybe you love reading, seeing new movies, or giving back to the community! Lastly, make a note of all the ways you’re already spending your money. Do you go out to eat? Do you buy new clothes regularly? Do you travel a lot? These are things you might want to consider when finding excellent companies to invest in. In this episode of the InvestED podcast, Phil and Danielle discuss more of their favorite Charlie Munger quotes, and explain why researching companies you already know and love is a critical step in investing. Learn how to pick Rule #1 approved stocks with this 3-Circles Guide. Click the link here to download: https://bit.ly/3x7ABcb Learn more about your ad choices. Visit megaphone.fm/adchoices
6/29/202130 minutes, 43 seconds
Episode Artwork

322- Interview with Author & Journalist William Green - Part 2

William Green is a journalist and author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life.   Over the last quarter of a century, he has interviewed many of the world’s best investors, and has written for many leading publications in the US and Europe, including The New Yorker, Time, Fortune, Forbes, Barron’s, Fast Company, Money, Worth, Bloomberg Markets, The Los Angeles Times, The Boston Globe Magazine, The New York Observer, The (London) Spectator, The (London) Independent Magazine, and The Economist.   In Richer, Wiser, Happier, William Green draws conclusions on interviews that he’s conducted over twenty-five years with many of the world’s greatest investors. As he discovered, their talents extend well beyond the financial realm and into practical philosophy.    The best investors in the world try to stay intensely rational. They try to get emotion out of their decisions and stick to the facts.   As an investor, you must ask questions but also do the homework. You'll learn how to avoid emotion, how to be patient, how to properly research, and how to think like this business is the only one you'll ever get to own.    This week on InvestED, Phil and Danielle present the second half of their interview with William Green. They discuss investing, staying resilient, and why it’s important to be knowledgeable as an investor. Value Investing requires staying rational. Learn what it takes to be a successful value investor with Phil’s NEW Value Investing Cheat Sheet: https://bit.ly/3wNJ97U Get a copy of William Green’s Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life here: https://bit.ly/35kYlNK Learn more about your ad choices. Visit megaphone.fm/adchoices
6/22/202135 minutes, 29 seconds
Episode Artwork

321- Interview with Author & Journalist William Green

William Green is a journalist and author of Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life.   Over the last quarter of a century, he has interviewed many of the world’s best investors and has written for many leading publications in the US and Europe, including The New Yorker, Time, Fortune, Forbes, Barron’s, Fast Company, Money, Worth, Bloomberg Markets, The Los Angeles Times, The Boston Globe Magazine, The New York Observer, The (London) Spectator, The (London) Independent Magazine, and The Economist.   In Richer, Wiser, Happier, William Green draws conclusions on interviews that he’s conducted over twenty-five years with many of the world’s greatest investors. As he discovered, their talents extend well beyond the financial realm and into practical philosophy.    The most successful investors are iconoclasts who question conventional wisdom and profit vastly from their ability to think more rationally, rigorously, and objectively. But this is easier said than done when you are investing real money. Money you can’t afford to lose tends to be ‘hot’ or emotional. Pro gamblers try to avoid sitting down with more than they can lose but anyone investing all of their own hard-earned money is always sitting down with more than they can lose. Fear of losing more than you can afford to lose tends to make the mind go irrational. You start guessing.   You can’t tell the difference between a good idea and a bad idea. Investing decisions are not life and death decisions, but remaining rational in the face of intense emotions is an art that is learned in the trenches.   This week on InvestED, Phil and Danielle sit down to speak to William Green about investing, staying rational, and why you don’t need to be an expert to invest successfully. Value investing requires staying rational. Learn what it takes to be a successful investor with Phil’s NEW Value Investing Cheat Sheet: https://bit.ly/3wpZKhF Get a copy of William Green’s Richer, Wiser, Happier: How the World’s Greatest Investors Win in Markets and Life here: https://bit.ly/35kYlNK   Learn more about your ad choices. Visit megaphone.fm/adchoices
6/15/202154 minutes, 51 seconds
Episode Artwork

320- The Best Munger Quotes - Part 3

“Spend each day trying to be a little wiser than you were when you woke up.” — Charlie Munger That assertion is so powerful, but it’s easy to overlook how critical it is. The whole idea of Rule #1 Investing is researching and learning about companies that you love, and buying stocks at attractive prices. Part of researching a company is ensuring it has a margin of safety, good management, meaning to you, and lastly, a moat — or competitive advantage. Let’s focus on moat, for example. Charlie Munger loves Coca-Cola. He said that “Coca-Cola is the perfect business because it has this gigantic durable competitive advantage, or moat, which gives it predictable cash flow.” This allows us to figure out what the future cash flow will be and value the company today, so we know whether we can buy it on sale or not. Your job as an investor is to research industries you already understand, so you can recognize companies with strong moats. An example of a brand moat is Harley-Davidson’s notorious lifestyle branding. This approach has huge potential for brand building, and Harley is brilliant at it. They’ve built a lifestyle around the Harley-Davidson culture which will always be tough for competitors to compete with. These companies don’t come around often. Charlie Munger believes there are only a small number of real opportunities to get very high returns with very low risk. Maybe 20 in a lifetime. He said that if you remove the 10 best deals Warren and he ever did, Berkshire would have average market level performance. The only way to get those kinds of returns is to wait for the right opportunity to come along. In this episode of the InvestED podcast, Phil and Danielle discuss more of their favorite Charlie Munger quotes. Learn how to pick Rule #1 approved stocks with my Four Ms of Successful Investing Guide! Click the link here to download: https://bit.ly/3puoNO4   Learn more about your ad choices. Visit megaphone.fm/adchoices
6/8/202135 minutes, 18 seconds
Episode Artwork

319- The Best Munger Quotes - Part 2

“We recognized early on that very smart people do very dumb things, and we wanted to know why and who, so we could avoid them.” — Charlie Munger The best investors in the world use the same principles. They have been around since the 1930s and they are still practiced today by the best investors in the world, including Charlie Munger, Warren Buffett, David Einhorn, and Mohnish Pabrai. One of those principles includes staying intently rational. But this is easier said than done when you are investing real money. Money you can’t afford to lose tends to be “hot” or emotional.  Pro gamblers try to avoid sitting down with more than they can lose, but anyone investing all of their own hard-earned money is always sitting down with more than they can lose. Fear of losing more than you can afford to lose tends to make the mind go irrational. You start guessing. A way you can stay rational in uncertain times is to understand what companies you’re buying as if they were your own. Stick with what you know, and realize what you don’t know.  Focus your attention on industries that you’re already comfortable with, and love what you own. Put your money where your values are. Most of us have the intention to make the world a better place, but seem to forget that the businesses that we invest in have a direct impact on what is going to exist in the world in 20 years. In this episode of the InvestED podcast, Phil and Danielle discuss more of their favorite Charlie Munger quotes, and how they impact their investing decisions.  Learn more about investing like Charlie Munger and Warren Buffett with this FREE Investing for Beginners in 2021 Guide. Click here to download: https://bit.ly/3wJHj7m Learn more about your ad choices. Visit megaphone.fm/adchoices
6/1/202131 minutes, 34 seconds
Episode Artwork

318- From the Vault: Inflation Kills!

Inflation is the devaluation of a currency’s buying power. It occurs over time as the government pumps money into the economy and there’s a larger money supply buying a relatively fixed amount of stuff. Let’s say you’re 50 years old. You want to retire in 10 years at age 60 - we’ll figure 30 years in retirement and you’re putting money into a 401(k). Let’s assume you started with $100,000 today in your 401(k) and then contributed $2,000 a year into it because you’re putting your kids through college and that’s all you can put away. In 10 years, you would expect to make around 6% in your 401(k) (if your employer isn’t matching your money). A reasonable inflation rate is probably going to be about 3%. What this means is that in 10 years, when you’re ready to retire, at 6% with an inflation rate of 3%, you end up with $205,000 to retire on. Let’s assume that you’re going to live on $50,000 a year. You’ve got $205,000 right now, but 10 years from now it won’t be worth that at all. Inflation affects everything including the costs of living, so your $50,000 is going to be $67,000 a year to live that same basic $50,000 a year lifestyle. Even if you keep investing the money at 5% or 6%, inflation continues at 3%. How many years will you be able to live in retirement before you completely run out of money, spending only $50,000 a year in today’s dollars? The answer is 3 years. If you were to not learn how to invest, you’d need to come up with another $1.3 million to live on for 30 years. If you change your 6% return to 15%, you’re going to make a lot more money. 15% is in the range of a return that’s doable for any investor. What happens then? We’re going to keep all the things the same, but we’re going to increase the rate of return to 15%. At that point, your number becomes $540,000 and you’re only short about $96,000 to make it all the way through those 30 years of retirement. This week, Danielle and Phil discuss the impact inflation has on our investing practice. They also talk about Buffett’s solutions for “little guy” investors, and how we can set ourselves apart from others through our investing education.  Learn how to invest with more confidence and less risk with this free Investing for Beginners in 2021 guide. Click here to download: https://bit.ly/3urGezS Learn more about your ad choices. Visit megaphone.fm/adchoices
5/25/202124 minutes, 4 seconds
Episode Artwork

317- The Best Munger Quotes!

 “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.” — Charlie Munger Munger is the Vice Chairman of the world’s greatest compound interest machine: Berkshire Hathaway, Inc. In the time of his and Warren Buffett’s reign as the leaders of Berkshire, the company has returned roughly 2,000,000% on its initial value. We can learn a lot from Charlie Munger! Charlie Munger once said that “Coca-Cola is the perfect business because it has this gigantic durable competitive advantage, or moat, which gives it predictable cash flow.” This allows us to figure out what the future cash flow will be and value the company today, so we know whether we can buy it on sale or not. Charlie Munger also once stated that “You don’t make money when you buy and you don’t make money when you sell. You make money when you wait.” That assertion is so powerful that it is easy to overlook how critical it is. The whole idea of Rule #1 Investing is buying a stock low, and selling it high. But, the key here is that you’re doing nothing most of the time. When Charlie says, “Wait” he means, “Wait for 5 years if necessary”. If you’ve been given serious money to invest, waiting five years in cash is not a plan; it is a recipe for disaster. Charlie believes there are only a small number of real opportunities to get very high returns with very low risk. Maybe 20 in a lifetime. He said that if you remove the 10 best deals Warren and he ever did, Berkshire would have average market level performance. The only way to get those kinds of returns is to wait and wait for the right opportunity to come along. In today’s podcast, Phil and Danielle explain some of their favorite Charlie Munger quotes, and cover how many of the Rule #1 Investing principles are based on his teachings. Get inspired to invest like the world's greatest investors like Charlie Munger and Warren Buffett with this free guide: https://bit.ly/3fr7VmB Learn more about your ad choices. Visit megaphone.fm/adchoices
5/18/202133 minutes, 43 seconds
Episode Artwork

316- Berkshire Hathaway Meeting Highlights and Implications Part 2

The Berkshire Hathaway Annual Shareholder Meeting took place on Saturday, May 1, featuring Warren Buffett and Charlie Munger. In this episode, Phil and Danielle discuss more of the major highlights from the meeting. In the meeting, Buffett discussed his significant investment in Chevron. "I think Chevron has benefited society in all kinds of ways, and I think it continues to do so," said Buffett. "We're going to need a lot of hydrocarbons for a long time, and we'll be very glad we've got them." While Buffett also stated, "Chevron is not an evil company in the least and I have no compunction about owning Chevron. If we owned the entire business, I would not feel uncomfortable about being in that business." This poses the question regarding investing with your values. Our personal values are incredibly important to successful investing. Almost no one talks about how to connect your values or your heart to where your money is going. Remember that wherever you’re putting your money is what is going to grow in the world. And by making the decision to invest based on our personal values, we can change the world radically. Probably faster than any single thing we could do is to put our money where our values are. Rule #1 investors only buy companies that we really want to see in the world. Now, how do you know what your values are? Your values are what you do. Your values are not what you say you’re going to do.  Learn how to invest with your values first with my 3-Circles Guide. You’ll discover how to use what you know and love to find businesses that match your values and lifestyle. Click here to get started: https://bit.ly/3ofTar7 Learn more about your ad choices. Visit megaphone.fm/adchoices
5/11/202139 minutes, 19 seconds
Episode Artwork

315- Berkshire Hathaway Meeting Highlights and Implications

The Berkshire Hathaway Annual Shareholder Meeting took place on Saturday, May 1, featuring Warren Buffett and Charlie Munger. In this episode, Phil and Danielle discuss some of the major highlights from the meeting. Munger took an aim at bitcoin and cryptocurrencies during the conglomerate’s annual meeting on Saturday, stating “I think the whole damn development is disgusting and contrary to the interests of civilization.” Buffett and Munger also discussed potential tax hikes from the Biden administration, and expressed not being concerned about them. Buffett mentioned that some companies try to fear-monger by saying the tax rates will be passed through to customers. “It's corporate fiction when they put out statements about the fact that it will be terrible for all of you people,” Buffett said. Buffett also stated that there is a lot more to investing than picking a budding or trending industry. Buffett warned newbie investors, and Phil and Danielle have always agreed with this take on smart investing.  Listen to this InvestED podcast today to hear more highlights, and Phil and Danielle’s takeaways on the topics discussed in the Berkshire Hathaway Annual Shareholder Meeting.  Rule #1 has been built on the principles of a proven investing method used for the last 80 years by successful investors like Buffett. To invest the Rule #1 way means to “Never Lose Money,” but what it means in practical terms is to invest with certainty. Certainty comes from this: buying a wonderful business at an attractive price. The word wonderful actually encompasses three out of four elements in the Four Ms: Meaning, Moat, Management, and Margin of Safety. Learn more about the Four Ms with this free guide: https://bit.ly/3tjv2ED Learn more about your ad choices. Visit megaphone.fm/adchoices
5/4/202139 minutes, 11 seconds
Episode Artwork

314- Don’t Fear Market Drops!

The stock market crash of 2020 began on Monday, March 9, with history’s largest point plunge for the Dow Jones Industrial Average (DJIA) up to that date. Some investors were scared or nervous but Rule #1 investors, like Danielle, were actually excited about the drop. She is confident in her investing decisions and realized it was an excellent opportunity to load up on more great companies. The market runs in cycles. It goes up, it goes down. But we have to look beyond the charts.  While the cycles give us warning signs of potential crashes, predicting the market is not an exact science. The economy reacts to more than just the market cycles. You need to have the perfect storm — many events and economic conditions coming together — for a drop to happen.  The important thing is to be prepared for whatever may happen in the market. Keep on saving for retirement and keep on making good investment decisions. Rule #1 investors know how to take advantage of all kinds of economic conditions, including market drops. If you understand the principles of Rule #1 investing, you will find opportunities to increase your long-term wealth. Rule #1 investors do not fear market crashes. They know that downturns provide the best buying opportunities. Today, Phil and Danielle discuss how to look at the market objectively so you have an advantage over other investors during a market drop.  Learn how to pick stocks with this free guide I’ve created for you and be ready when your chosen companies go on sale. Preparation plus opportunity equals success. Click here to download: https://bit.ly/3nrRyKq Learn more about your ad choices. Visit megaphone.fm/adchoices
4/27/202132 minutes, 12 seconds
Episode Artwork

313- Bernie Madoff - Dead at 82

If you haven’t heard the news already, Bernard Madoff has just passed away at the age of 82 in a federal prison hospital in Butner, North Carolina. For more than 50 years, Bernie Madoff was renowned on Wall Street as a big money manager who founded his own firm at age 22 and became non-executive chairman of the Nasdaq in 1990. Madoff was famously known for running the largest and possibly most devastating Ponzi scheme in financial history. He defrauded thousands of investors out of tens of billions of dollars over the course of about 17 years. Madoff was busted on December 11, 2008 after his two sons turned him in.  Victims included director Steven Spielberg, actor Kevin Bacon, former New York Mets owner Fred Wilpon, Hall of Fame pitcher Sandy Koufax and Nobel Peace Prize winner Elie Weisel, as well as ordinary investors like Burt Ross who lost $5 million in the scheme.  In a 2013 email to CNBC from prison, Madoff mentioned that the break in the market that started the Great Recession led to his scam. “I thought this would be only a short-term trade which could be made up once the market became receptive. The rest is my tragic history of never being able to recover.” In today’s podcast, Phil and Danielle discuss Bernie Madoff and his scheme that led to the nation’s largest financial fraud in history,   You can learn a lot from the history of financial figures and investors. Check out my guide where I discuss some of the best investors in the world: https://bit.ly/2P21xJs Learn more about your ad choices. Visit megaphone.fm/adchoices
4/20/202142 minutes, 40 seconds
Episode Artwork

312- Bonds vs. Stock Investing

According to Phil and other value investors, investing should always essentially involve the same principles — even for non-stock investments like bonds. Putting your money where your values are, buying investments at a discount, and being able to move through different types of assets fluidly.    For example, bonds and securities are other types of low-risk investments that investors purchase. However, their potential for returns is much lower as well. A bond might only make you a 3% return on your money over multiple years. This means that when you take your money out of the bond, you’ll have less buying power than when you put it in, because the rate of growth didn’t keep up with the price of inflation.    Bonds can be purchased from the US government, state and city governments, or from individual companies. Mortgage-backed securities are a type of bond typically issued by an agency of the U.S. government, but can also be issued by private firms.    When you purchase a bond, you are essentially loaning money to either a company or the government. For U.S. investors, this is typically the U.S. government, though you can buy foreign bonds as well. The government or company selling you the bond will then pay you interest on the “loan” over the duration of the bond’s life cycle.   Corporate bonds are slightly riskier than government bonds because there’s more risk of a corporation defaulting on the loan. Unlike when you invest in a corporation by purchasing its stock, purchasing a corporate bond doesn’t give you any ownership of that company.   In today’s podcast, Phil and Danielle discuss bonds, and why the best investments to make for yourself depend on your risk tolerance, level of understanding of certain markets, timeline, and reason for investing.    Learn more about your different investment options with this Complete Guide to Investing for Beginners in 2021: https://bit.ly/3dYlBVI Learn more about your ad choices. Visit megaphone.fm/adchoices
4/13/202140 minutes, 26 seconds
Episode Artwork

311- Is Doomsday Coming?

Warren Buffett is currently sitting on about $150 billion in cash. Could this mean that doomsday — or a major market correction — is coming? Most of the time, successful investing is a waiting game. Just as there are poor times to sell your stocks, there are poor times to buy them as well. And sitting on cash while you wait for a better opportunity is often one of the best investing decisions that you can make. As Rule #1 investors, we try to invest in companies that have at least a 50% margin of safety, meaning that there is at least a 50% upside between the company’s stock price and its true value. When valuations are as high as they currently are, though, it becomes difficult to find any quality companies that exhibit this margin of safety. Looking at the Shiller PE ratio, prices have only been this high twice in the past 140 years. The first time they got this high was in 1929. The second time was in 1999. But we might not be here for much longer.  Following the smart money — defined as money from big-time investors who know the market better than anyone — is rarely a bad idea, and right now, these investing gurus aren’t putting a lot of money into the market. Instead, the majority of the money flowing into the market right now is coming from retail investors. While these retail investors are buying stocks faster than ever before, the big investing gurus are sitting on their cash. This alone is a pretty good indication that right now might not be the best time to buy into the market. As Rule #1 investors, we like to find companies that are solid enough to survive and thrive no matter what the market does. When a major market correction, as the one that is very likely on the horizon drives the price of these companies down, the opportunity for great returns is higher than ever. Will the stock market crash? What are you going to do if it does? Today, Phil and Danielle discuss what investors should look out for in the stock market, and how to prepare for a potential doomsday. This Stock Market Crash Survival Guide will help you prepare for the next market crash and help you cash in when the market drops: https://bit.ly/3dDUfnF Learn more about your ad choices. Visit megaphone.fm/adchoices
4/6/202133 minutes, 42 seconds
Episode Artwork

310- Moat and Processes

In thinking about the process of finding wonderful companies at attractive prices, it helps to think of what I call the Four Ms: meaning, management, margin of safety, and moat.  This podcast is focusing on moat.   Most people know a moat to be the water around a castle but in investing terms, a moat is the durable competitive advantage that a company has that protects it from being attacked by competitors.   A moat is what makes a company predictable and allows us to put a value on the business. Charlie Munger said that “Coca-Cola is the perfect business because it has this gigantic durable competitive advantage, or moat, which gives it predictable cash flow.”    This allows us to figure out what the future cash flow will be and value the company today, so we know whether we can buy it on sale or not.   Finding a business with a wide moat is key to finding a successful business to own, because a business with a wide moat is much more predictable for the next 20 years than a business with no moat.   The idea of the moat is really simple. If an industry looks as if it might be very easy to get into, there probably isn’t a moat. On the other hand, if an industry looks as though it might be really hard to get into and be successful, you’ll probably find some wide-moat businesses.   In today’s podcast, Phil and Danielle discuss moat and value, and the processes in which they pick stocks with confidence.    Learn more about moat and the other three Ms of investing with this free guide that I’ve created for you: https://bit.ly/31xiBto Learn more about your ad choices. Visit megaphone.fm/adchoices
3/30/202137 minutes, 5 seconds
Episode Artwork

309- Stock Splits and Value

Stock splits happen from time to time, so it's important for us as investors to understand what they mean and how they might impact our investing decisions. A stock split is when a company decides to exchange more shares of its stock at a lower price for stockholders' existing shares. So, what happens to a stock’s price when it splits?   Nothing actually, although, it’s going to look like something big happened. Stock splits don’t change the market cap, which is the market price of the stock on a given day multiplied by all of the shares, or the sticker price of a stock one single cent. Not a penny. All a stock split does is change the number of shares and the price per share. I repeat: this does not change the total value of all those shares by even one cent. A lower stock price makes it easier to trade because the stock becomes more attainable for interested investors who may have been priced out of buying it in the past. Lower prices make it easier to find buyers than higher prices. When a stock price goes over $100 a share, people start to think of it as “expensive” even though the price of the stock has nothing to do whatsoever with the actual market cap of the business. A business worth $1 million is worth $1 million whether there is one share worth $1 million or 1000 shares worth $1000 each or 1 million shares worth $1 each. But how many buyers are out there for a single share of stock worth $1 million? Not very many. Let’s say there was one buyer. The owner of that single share might have to take a much lower offer simply because there is only one buyer. But if there were a million shares at $1, there can be lots of buyers. Lower stock prices make trading easier, which makes investors trade more often. Trading more often makes for higher stock prices. The bottom line is that stock splits have no effect on the true value of a company. As Rule #1 Investors, we care about the value of a company, not its stock price. We don’t base our investments in a company on the price per share but instead look at the entire company as a real owner does. Learn how to find high-performance stocks with my Four Ms for Successful Investing guide. Click here to download: http://bit.ly/3f4Q32o Learn more about your ad choices. Visit megaphone.fm/adchoices
3/23/202134 minutes
Episode Artwork

308- Cash is Trash!

It’s never a great idea to sit on too much cash. Why? One word: inflation.   Inflation is the devaluing of a currency’s buying power. It occurs over time as the government pumps money into the economy and there’s a larger money supply buying a relatively fixed amount of items.   As the money supply grows, people feel like they have more money, so they’re willing to pay more for things. When there’s a lot of inflation, wages tend to increase and people then feel like they’ve got even more money, so they’re willing to pay a little bit more for a Coca-Cola.   Inflation is something that many people completely forget to factor in when calculating how much money they’re going to need for retirement.   Most people tend to assume that if you want to live on, say, $50,000 a year for the rest of your life you need to multiply that number by 30 years and that’s how much you need.    What they don’t take into account is inflation. This means that to retire, you may need much more than you think. The small percentage may not seem like a lot, but over time, it adds up.   This is why investing is one of the most important things you can do to set yourself up for a financially secure future. Not just investing in anything, but investing in companies that align with your values. By making the decision to invest based on our personal values, we can change the world radically.   In today’s episode of the InvestED podcast, Phil and Danielle discuss why cash is trash, and why it’s important to set yourself up for a financially secure future by investing with your values. Learn how to invest with your values with my Four Ms for Successful Investing Guide. Click here to download: http://bit.ly/3eFrdWP Learn more about your ad choices. Visit megaphone.fm/adchoices
3/16/202136 minutes, 55 seconds
Episode Artwork

307- Stock Brokers

After you have found a worthy company you would like to invest in and it’s on sale, the final step is to actually purchase the stock through a brokerage account so you can start reaping the rewards. This is an important step in the investing process, but it can seem confusing because there are several brokerage options out there. Buying shares in any company will require you to go through a broker. Brokers enable you to easily buy and sell shares in any public company, but they do charge a fee for their services. Once you are working with a broker, though, buying shares of a company is as simple as ordering something out of a catalog or making a purchase on Amazon. Simply choose the stock you want to buy, the number of shares you want to buy, and complete your purchase. A great option that has come available in recent years is the use of online brokers. Online brokers are a little more “self-serve” than traditional brokers, however, their fees are also much lower. For beginner investors with small amounts of money, online brokers are the best choice because the high brokerage fees of traditional brokers have the potential to eat up any profits. A few options include Charles Schwab, TD Ameritrade, Vanguard, Fidelity, and Robinhood. In today’s episode of the InvestED podcast, Phil and Danielle discuss stock brokerages, and explain why it’s so important to do your research before you commit to any broker. Learn more about getting started and making your first investment with my Complete Guide to Investing for Beginners in 2021. Click here to download: http://bit.ly/3qo3JI1 Learn more about your ad choices. Visit megaphone.fm/adchoices
3/9/202135 minutes, 8 seconds
Episode Artwork

306- Berkshire Hathaway Annual Letter Recap

Warren Buffett’s highly anticipated shareholder letter was released this past weekend.   In this annual letter, Berkshire Hathaway's quarterly reports have offered investors a glimpse into the company's inner workings.   Buffett also highlighted the fact that among the biggest winners in Berkshire’s investment portfolio was its 5.4% stake in Apple. Buffett noted that the iPhone maker was now one of his company’s three biggest assets, with its stake worth $120 billion as of December 31, 2020.   Berkshire ended last year with $138 billion in cash. This is likely due to the market still being extremely overvalued.    Being one of the best value investors in the world — if not the best in the world — Buffett understands the importance of only purchasing wonderful companies at discount prices.    In the annual letter to shareholders, Buffett reminded investors that miracles do occur in middle America despite much of the attention on the east and west coast.    “Success stories abound throughout America,” the investor said. “Since our country’s birth, individuals with an idea, ambition and often just a pittance of capital have succeeded beyond their dreams by creating something new or by improving the customer’s experience with something old.”   In today’s podcast, Phil and Danielle discuss a few key takeaways from Warren Buffett’s annual letter to shareholders, and why Warren Buffett and Charlie Munger are two of the most important value investors in history.   Learn about purchasing wonderful companies at discount prices with this FREE guide I've created for you: http://bit.ly/3bPTyqb Learn more about your ad choices. Visit megaphone.fm/adchoices
3/2/202144 minutes, 21 seconds
Episode Artwork

305- The Role of Shorting in the Market

“There’s nothing evil, per se, about selling things short. Short sellers—the situations in which there have been huge short interests very often—very often have been later revealed to be frauds or semi-frauds.” — Warren Buffett Short selling, or shorting, plays an important role in public markets as it improves prices, rational capital allocation, prevents bubbles, and shines a light on fraud.   If investors think a stock's price is dropping, they can short the stock. They borrow shares and sell them with hopes of buying them back at lower prices. However, stocks can theoretically keep rising, which could cause losses. So the investors that short the stock will either have to put more money up to secure their position or close their positions.   Essentially, short selling exposes which companies' stock prices are too high. In their search for overvalued firms, short-sellers can discover inconsistencies or other questionable practices before the entire market does. Short sellers can almost be regarded as the “watchdogs” of the market.   A recent example of this is the Gamestop event which caused many investors to either gain or lose money, as shorting isn’t ideal for all investors. This is why it’s important to invest with your values—so you can invest with confidence and reduce your risk of making bad investing decisions.    When looking for companies to purchase, always consider the Four Ms: meaning, moat, management, and margin of safety. This is the first step you need to take when building your watchlist of companies you are interested in.   In today’s podcast, Phil and Danielle discuss the important role short sellers play in our market and why it’s important to invest with your values.   Learn about the Four Ms and how they can help you invest in the right businesses at the right time with this FREE guide I've created for you: http://bit.ly/3btAqhM Learn more about your ad choices. Visit megaphone.fm/adchoices
2/23/202146 minutes, 40 seconds
Episode Artwork

304- Li Lu’s Speech and Investable Assets

Every type of investment has its upside and downside, and some are riskier than others. Cryptocurrencies, for example, are the newest type of investment. They are unregulated digital currencies bought and sold on cryptocurrency websites.  Cryptocurrencies such as Bitcoin have gained a lot of interest in recent years as an investment vehicle—some people even think it may replace gold in the future. However, cryptocurrencies remain an incredibly risky investment due to the fact that there are many unknown factors. For example, there is the possibility of government regulation and the possibility that the cryptocurrency will never see widespread acceptance as a form of payment. At this point, no one knows for sure what the future holds for cryptocurrencies, so investing in cryptocurrencies is little more than speculation. Rule #1 investors don’t invest in things they don’t know. That’s not investing, that’s gambling. On the other hand, cash and commodities are typically considered low-risk investments. So if you’re new to investing or risk-averse, one of these options could be a good place to start. However, these low-risk investments also tend to have low returns.  Gold is an example of a commodity, so its price is based on scarcity and fear which can be impacted by political actions or environmental changes. If you are investing in gold, be aware that your protection against a price drop, your moat, is based on external factors so the price can fluctuate a lot, and quickly.  The price tends to go up when scarcity and fear are abundant and down when gold is widely available and fear is abated. If you think the world is going to be a more fearful place in the future, then gold could be a good investment for you.  Everyone’s reasons for investing and personal risk tolerance are different, so you have to decide which investment types suit your lifestyle, timeline, goals, and risk tolerance best. What a good investment is for one person isn’t necessarily a good investment for you. Listen to this podcast today for more information on your different investment options and the risk related to each. Learn more about your investable asset options with my Beginners Guide to Investing in 2021. Click here to download: http://bit.ly/37ldvE2 Learn more about your ad choices. Visit megaphone.fm/adchoices
2/16/202133 minutes, 40 seconds
Episode Artwork

303- Jim McKelvey and The Innovation Stack

Square is a financial service, merchant services aggregator, and mobile payment company based in San Francisco, California. Danielle has openly expressed her excitement for this company—but what makes it so special? In 2009, Square initially started as a solution to mobile businesses without mobile payments. It took Founders Jim McKelvey and Jack Dorsey about 3 years to understand the market at the time, and how they could make an impact in this space.  They entered the market and were able to provide a small device that could be easily inserted into the audio jack of smartphones. With this convenient hardware and only a 2.75% transaction fee, they quickly divorced the merchant from the shackles of digital wires.  The successes of these innovations were multi-faceted. The infrastructure for payment processing was no longer costly for a specialized machine, but a small add-on to devices we already own. This also meant that as long as someone had the Square app, they could be a transaction node as well. Square continues to show viral growth, with revenue up year over year. This week on InvestED, Phil and Danielle welcome podcast guest Jim McKelvey, the co-founder of Square. Jim talks about his book, “The Innovation Stack,” and how innovation ultimately is what impacts a company’s success. What does it take for a start-up to turn into a successful business? Listen to the podcast today to find out.  Interested in getting your own copy of "The Innovation Stack?" Order it at https://www.jimmckelvey.com. Learn how to find high-performing, innovative companies with my Four Ms checklist! Click here to download: http://bit.ly/2LzEBQ2 Learn more about your ad choices. Visit megaphone.fm/adchoices
2/9/202151 minutes, 18 seconds
Episode Artwork

302- GameStop and Short Squeezes

This is an exciting time to be an investor in the stock market. As you know by now, Reddit investors just launched an "attack on Wall Street" by purchasing shares in GameStop. This pushed the stock price up over 480% in a week.  The investor who helped direct the world’s attention to GameStop is 34-year-old Keith Gill. Gill used Reddit’s WallStreetBets message board to promote GameStop, and used the identity of Roaring Kitty on his YouTube channel and Twitter page to help engineer a short squeeze against the hedge funds that were betting the price of GameStop would drop. But what is a short squeeze? If investors think a stock's price is dropping, they can short the stock. They borrow shares and sell them with hopes of buying them back at lower prices. However, stocks can theoretically keep rising, which could cause losses. So the investors that short the stock will either have to put more money up to secure their position or close their positions. If they choose to close their position, they are buying the stock to exit their position. This can drive the price higher and force other short sellers to do the same.  This creates a continuous cycle of buying and pushing the price up even higher. This is the short squeeze, as those short the market essentially get "squeezed out.” And it's exactly what happened with GameStop. Hedge funds and other short-sellers have lost an astounding amount betting against GameStop, and there has been a regulatory response to this event. Robinhood limited the number of shares each user can purchase, stating that the trading restrictions were risk management decisions to protect Robinhood and its clearinghouses.   In today’s podcast, Phil and Danielle discuss the GameStop situation and explain why the market should be free—where regulators stay out of the “little” guy’s way. Learn more about the basics of investing in the stock market with my Beginners Guide to Investing in 2021. Click here to download: http://bit.ly/39EOFR0  Learn more about your ad choices. Visit megaphone.fm/adchoices
2/2/202146 minutes, 58 seconds
Episode Artwork

301- Phil and Danielle Answer Fans’ Questions!

Are you one of the winners of the InvestED 300th podcast episode giveaway? Listen to this podcast to find out!  Investing in stocks is one of the best things you can do to set yourself up financially, but you have to first understand the company valuation process in order to actually make money. When a company decides to go public, an investment bank helps determine what the price of the company’s stock should be at their Initial Public Offering (IPO), when they become available to purchase on the stock exchange. They determine the initial price based on the value of the company and early interest from investors before the stock is available to the public.  After the company goes public, the stock price is based on supply and demand. When the demand for a stock goes up, its price goes up. The demand can increase if the company is doing extremely well and its value is increasing, or it can increase simply because of excitement from other investors.  It’s important to remember to not get the “value of the company” confused with the “price of the stock.” The market can be incredibly emotional and price a great company way under their true value and vice versa. Ultimately, the stock price is determined by greed when the stock price is going up and fear when the stock price is going down. This is why it’s important to invest with certainty within your circle of competence. Love what you own, and put your money where your values are. Most of us have the intention to make the world a better place, but seem to forget that the businesses that they invest in have a direct impact on what is going to exist in the world in 10-20 years. In today’s podcast, Phil and Danielle announce the winners of the InvestED 300th podcast episode giveaway and discuss rational investing in 2021. Learn more about using your Circle of Competence to pick stocks with my 3 Circles Exercise Guide. Click here to get started: http://bit.ly/3pn4Bgj Learn more about your ad choices. Visit megaphone.fm/adchoices
1/26/202157 minutes, 30 seconds
Episode Artwork

300- Li Lu's Speech & Episode 300!!

This week, we are celebrating the 300th episode of InvestED by doing a prize giveaway! Here’s how to enter: Go to investedpodcast.com Click the button “Click here for details!” Follow the steps for a chance to win: A FREE ticket to a 3-day Virtual Investing Workshop (a $300 value!) A signed copy of Invested* A $100 Amazon e-gift card Your question featured on the 301st episode of InvestED Danielle’s Bundle: A yearly subscription to the Invested Practice Newsletter and access to the Mostly Invested Online Course In this episode, Phil and Danielle bring great insights to their analyses of Li Lu’s speech from 2015, “The Prospect of Value Investing in China”.  Li Lu opens this speech by describing the ethics he believes all investors should follow: Make it your ethical obligation to seek truth and wisdom Be a really good fiduciary for your investors as if it’s your own money or your parent’s money He further implies that as a value investor in China, you will reap the benefits of finding wonderful companies because even then you can take comfort in the huge margin of safety or choose to exit. What was their biggest takeaway from his speech? Listen to the podcast today to find out. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/19/202130 minutes, 57 seconds
Episode Artwork

299- Value Investing in 2021

One of the best things about investing is that it is possible for everyone to succeed—no matter your age, income, gender or IQ.  As a beginner investor, it’s easier to avoid mistakes and decrease risk by investing in companies you are already familiar with, and that have meaning to you.  For example, if you work in the tech industry, it’s going to be much easier for you to understand the goals of a tech company as well as their potential to reach those goals than it is going to be for you to evaluate a company in the pharmaceutical industry. Consider your personal passions, talents, and spending habits. Better yet, map them out using a venn diagram, placing passions in one circle, talents in another, and spending habits in another. Where these three areas overlap is your “Circle of Competence”, reflecting the industries and sectors you have the most knowledge of and where you should start your search for companies to invest in. Over time, you can begin to research companies across various sectors and expand your knowledge-base and comfort zone, but investing within your Circle of Competence is the best place to start. As you embark on your investing journey, remember to stay rational, mindful, and disciplined. It is the only way you will be successful in value investing.  In today’s podcast, Phil and Danielle discuss value investing in 2021, and best practices for investors of all levels to be successful in the stock market. Ensure you always make smart investment decisions with my 3 Circles Exercise Guide. Click here to get started: http://bit.ly/3ozYpkJ Learn more about your ad choices. Visit megaphone.fm/adchoices
1/12/202141 minutes, 12 seconds
Episode Artwork

298- Biggest Investing Mistakes with Jeremy Deal

It’s so important not to invest or sell stocks too soon. While the desire to get in on the ground floor of a brand new company or industry is certainly understandable, it is most often better to let the dust settle a little so that more information is available and you can do proper research before making an investment. Although, even with proper research and due diligence, even the most successful investors’ journeys are still fraught with errors and investing mistakes. Nevertheless, as painful as these investing mistakes are at the time, you can learn a lot from them and can use them to become a better investor. After all, no one wants to lose money on their hard-earned investments down the road.  The best way to avoid losing money on investments is to follow a proven investing strategy and never stray from it. Making irrational decisions based on emotions can be costly.  By avoiding greed or fear-based decisions, you can pursue a successful investing career and hopefully avoid the business and investment problems that investors like Warren Buffett and Benjamin Graham have experienced in their early years. In today’s podcast, Jeremy Deal—founder of JDP Capital—sits down with Danielle to discuss his biggest investing mistakes so that you can learn from them! Ensure you always make smart investment decisions with the Rule #1 Cheat Sheet for Smarter Investing. Click here to download: http://bit.ly/3pHRNRg Learn more about your ad choices. Visit megaphone.fm/adchoices
1/5/202153 minutes, 50 seconds
Episode Artwork

297- Quick Question: Is Cash Okay?

When a company makes the decision to go public, shares of that company become available for purchase, allowing anyone to buy a stake in the company. Each share is a stock, and investors are able to buy and sell shares in any public company at any time. Of course, as with any form of business, the goal is to buy a company’s stock when it’s “on sale” or undervalued relative to its actual value, and to sell that stock when it’s fully valued in order to make a profit. A simplified look at a successful investment is one where an investor buys a company for a certain amount of dollars, holds on to the company for an extended period of time until its value has grown to the point that they feel comfortable selling it, and then sells it above what they purchased it for.  Buying great companies when they are on sale is what Rule #1 investing is all about, but it’s fine to wait to buy until you are sure you are getting both a wonderful business and a great price. Think of it this way: you would never buy 100% of a company without thorough due diligence, and, likewise, you shouldn’t buy a small percentage of a company without the same. When the experts—such as Warren Buffett or Charlie Munger—are publicly stating that they are sitting in cash, this is an indicator that they are waiting for a dip in the market, or an event to trigger their next large purchase.  On this vault episode of InvestED, Phil and Danielle answer a listener’s question regarding sitting on cash and managing your investments. Learn how to invest and make decisions with confidence with the Rule #1 Cheat Sheet for Smarter Investing. Click here to download: http://bit.ly/2KthciL Learn more about your ad choices. Visit megaphone.fm/adchoices
12/29/202037 minutes, 51 seconds
Episode Artwork

296- Disruptive Innovation with Annalisa Gigante

Today's podcast episode discusses how innovation in companies do not always lead to the best investments, and we decided to feature none other than the prestigious Annalisa Gigante. Annalisa Gigante has been an award winning innovator for 30 years, with a track record of commercial success, launching and building multi-billion dollar new businesses across different industries from life sciences and chemicals to services and digital technologies. She served as CTO of LafargeHolcim, and was an Executive Committee member at Adecco Group as Chief Business Development and Marketing Officer, both as global leaders in their respective industries. Her career includes international roles in innovation, business management, strategy, and marketing. Her key focus areas are sustainability, digital technologies including AI and IoT, new business models, and building high performing teams. She has been the subject of two Masters’ theses on women top executives, and a recent monograph on Innomniacs. Innovation in companies can come in many different forms, including organizational, technological, or process innovation. But do innovative companies always make great investments? Before you buy shares in a company, it is essential to thoroughly analyze that company’s mission, management, goals, outlook, fundamentals, and so on. Great investors would never buy 100% of a company without thorough research for due diligence, and, likewise, you shouldn’t buy a small percentage of a company without the same. If you want to learn more about analyzing companies on your watchlist, download Phil’s Four Ms for Successful Investing Checklist: http://bit.ly/3mwFx4k Learn more about your ad choices. Visit megaphone.fm/adchoices
12/22/202042 minutes, 51 seconds
Episode Artwork

295- Luck vs. Skill in Investing with Jake Taylor

Investing in the stock market does not involve luck or gambling. It requires a strategy and a solid foundation of knowledge. Investing in anything, especially the stock market, when you don’t have a concrete strategy can be scary. It’s a serious journey that shapes your life and can determine whether or not you live a life free from financial burden.  For example, if you don’t have a solid amount of money to retire on in 20 or 30 years from now, the government may not have the funds available to support your lifestyle, which is scary. That is why it is becoming increasingly important to learn how to invest for yourself. In reality, the only fear of investing you should have is the fear of what you will miss out on if you don’t invest. You wouldn’t jump in the ring without knowing the basics of boxing, so you shouldn’t jump into the stock market without knowing the basics of investing. Before you begin building wealth, it’s important to understand your long-term goals of investing as well as the basic process that you will use to reach those goals. But once you learn the basics, you must constantly stay up-to-date with trends and market updates. The most successful investors in the world are reading and educating themselves on a daily basis.  In today’s podcast, Jake Taylor—Chief Executive Officer of Farnam Street Investments—sits down with Danielle to discuss luck vs. skill in investing, and why it’s important to stay in a growth mindset.  Learn how to invest and make decisions with confidence with the Rule #1 Cheat Sheet for Smarter Investing. Click here to download: https://bit.ly/3gNe0ub Learn more about your ad choices. Visit megaphone.fm/adchoices
12/15/202039 minutes, 10 seconds
Episode Artwork

294- Mindsets and Processes for Investing with Jake Taylor

What's going to happen to the market in the following months? No one knows for sure. All you can do for now is stick to your process, and stay in the right mindset for rational investing.  When you get overwhelmed by stress, lack of sleep, or other factors, your rational mind loses power and your emotions take over. This is a terrible mindset for making investment decisions. You can't avoid those stressful situations as an investor, but the way you handle them can drastically change your outcome. When you notice you are feeling tense or nervous about an important investing decision, take a few slow, deep breaths to calm your nerves. Consider stepping back, and resuming when you have a clear head. In the long term, improving your problem-solving skills and looking at things from a larger perspective will help you deal with stress without feeling overwhelmed. Having a set of processes and boundaries when looking for companies to invest in is critical. Benjamin Graham, who was Warren Buffett's mentor, said that the first thing all investors should think about when they buy a stock is that they have bought part of a business. This is an excellent mindset to have as an investor for several reasons. When you own a business, you care about how well the business is performing its core functions. When you focus on that, instead of on how the stock price changes from one day to the next, you adopt a long-term perspective that is crucial for investing success. Thinking like an owner also helps you avoid panic selling. You maintain a rational perspective and avoid being driven by emotions. In today’s podcast, Jake Taylor—Chief Executive Officer of Farnam Street Investments—sits down with Danielle to discuss his investing process and how he keeps a rational mindset before making any important decisions. Reduce stress by only investing in high-performance stocks using my Four Ms for Successful Investing Guide. Click here to download: https://bit.ly/3lRnvt6 Learn more about your ad choices. Visit megaphone.fm/adchoices
12/8/202037 minutes, 6 seconds
Episode Artwork

293- Company Analysis and Tony Hsieh

Investing has changed drastically over the years. Many of the tools that were hardly accessible or cost money to use are now available at the click of a button. For instance, one of the best tools that investors can access online is the Securities and Exchange Commission, or SEC. The SEC is an independent federal regulatory agency tasked with protecting investors and capital, overseeing the stock market and proposing and enforcing federal securities laws. By using the SEC, you can view information about brokerage firms, investment advisor representatives, and their professional background and conduct. This could include current registrations, employment history, and disclosures about certain disciplinary events involving the individuals. However, these tools that are accessible online can only effectively be used if you have a solid understanding of basic investing principles. One in which includes only purchasing businesses that have excellent management. When you are looking to trust your money inside the walls of a business, you need to have confidence in the people leading the company. Management capable of taking the company to new heights. People who live and breathe the business. Responsible individuals who make decisions that lead the company in the right direction. Tony Hsieh, former CEO of Zappos, a great example of an effective and honest leader, who cultivated a strong sense of culture in his company. He once stated, “In addition to trying to WOW our customers, we also try to WOW our employees and the vendors and business partners that we work with. We believe that it creates a virtuous cycle, and in our own way, we're making the world a better place and improving people's lives. It's all part of our long term vision to deliver happiness to the world." This week, Danielle discusses why company analysis is so important in the investing process, and why a strong leader such as Tony Hsieh is one of the key factors to a high-performance business. Learn more about finding quality stocks to invest in with the Rule #1 Four Ms for Successful Investing Guide. Click here to download: https://bit.ly/2JzMXpC Learn more about your ad choices. Visit megaphone.fm/adchoices
12/1/202023 minutes, 24 seconds
Episode Artwork

292- How to Clone Investors

Have you ever cloned another investor? As the name implies, cloning refers to the strategy of following or copying the ideas of famous investors or fund managers. Most investors believe this is an ethical strategy, and Rule #1 investors actually take advantage of the fact that we can clone or follow expert investors.  This idea of cloning goes all the way back to when Warren Buffett first started watching Ben Graham’s investing strategies, and other investing gurus openly stating that they cloned other great investors that came before them. Mohnish Pabrai, for instance, is one of the more successful investors out there. He is a shameless cloner and follower of Warren Buffett and Charlie Munger. In fact, Pabrai once famously stated that “Thou shall be a shameless cloner.”  Although, the best investors in the world know that cloning is only an efficient strategy when you do your own research on top of that. But what tools will help you successfully clone experts? One of the most popular tools which I discuss today is Dataroma, to track stock picks and portfolios of legendary value investors such as Warren Buffett. The data is consolidated, categorized and presented in an easily accessible format. What you should look out for while analyzing investors in these tools is how many stocks they own. If an investor owns less than 20 companies, for example, they’re almost certainly a Rule #1-style investor. Only clone investors with this characteristic—investors who stick to a few stocks and are passionate about those companies. Because this means they’re putting in 5% of their portfolio on average into one business, which is a scary thought for the vast majority of people who manage money. They don’t want to get committed to anything because they don’t have that level of certainty, and they’re not doing that kind of research.  This week, I discuss these tools and the process of cloning in-depth, and discuss why this could be an effective strategy if done correctly.  Learn more about finding quality stocks to invest in with my Four Ms for Successful Investing Guide. Click here to download: https://bit.ly/39fTzUK Learn more about your ad choices. Visit megaphone.fm/adchoices
11/24/202041 minutes, 37 seconds
Episode Artwork

291- Being Thankful in Life and Investing

This has been an emotionally exhausting year for everyone, and you’ve probably been affected in one way or another. Gratitude can be a powerful tool for resilience in the face of adversity, so this week we’re practicing being thankful before the upcoming Thanksgiving holiday. We are incredibly grateful for all of our listeners and hope you enjoy thinking about investing from a different perspective this week. Years ago, I spent some time in Japan with a good friend of mine named Wahei Takeda. He’s known as the Warren Buffett of Japan, who made his entire fortune from scratch in post WWII Japan.  Wahei told me that the most important thing that you can do every day, the thing that was responsible for him making billions of dollars, is “Be thankful 1,000 times a day.” This hit home, as I felt like I’ve been doing it my whole life, but I’ve never heard anyone put it into a formula for making money and using it as a guide to investing. Wahei calls it, “Maro Up.” “Maro” means being thankful. When Wahei buys a company, he goes to the CEO and tells them that he wants them to learn the technique of being thankful. This idea of being thankful must be really basic and fundamental to some kind of law of nature. So this week, I challenge you to be aware and thankful as much as you can. Put yourself in that psychological position of gratitude. Be thankful for your investing knowledge, and all it has given you in your life. Be thankful for your computer that allowed you to learn, and your ability to read so you could consume life-changing information. There’s something about it that’s so powerful! It turned Wahei, who was poor, struggling in a country that had been devastated, into a billionaire. If it worked for him, we should try it too. Get inspired to invest like the world's greatest investors with this free guide. Click here to download: https://bit.ly/3f82b0x Learn more about your ad choices. Visit megaphone.fm/adchoices
11/17/202040 minutes, 24 seconds
Episode Artwork

290- Post-Election Predictions

Phil predicts a devaluation of the buying power of the US dollar. Therefore, there may be problems on the horizon for investors. Inflation is a natural result of currency fluctuations, because it will cost more to purchase goods and services. In some markets, inflation destroyed the stock market for 20 years! For instance, when there was a high rate of inflation in the United States from 1965-1983, the rate of return was nearly 0%. If Phil’s predictions are true, there will be a major problem for investors with diversified portfolios, because your buying power will be dwindled down nearly in half. Diversification is the idea of creating a portfolio that includes multiple investments in order to reduce risk. Someone who is an entrepreneur might think it is best to lower his or her risk and have 100 businesses, rather than focus on one or two. Most people over-diversify. They split their money into hundreds of stocks in hopes of making a great return. This is not the best strategy, because your rate of return is going to be widely dependent on whatever fluctuations the market is experiencing. If you know how to invest, you don’t have to diversify.  But on the other hand, investors who own fewer companies will be in better shape. Warren Buffett is a perfect example of this! He made billions of dollars in the 1970s—in fact, it was his best era for investing. The reason for this is because as the market started to realize that there were serious structural problems with currency, it became extremely volatile. The market went from 1000 on the Dow Jones peak in 1965, down 30-50% about 10-15 times in the next 15 years. Rule #1 investors thrive in this kind of market environment. This is why it’s so important to understand when and why businesses go on sale, per the Rule #1 investing principles. Focus your portfolio on businesses you understand, that you know you are buying cheap, and let the diversification happen naturally. It’s worse to be in things you don’t understand than to be un-diversified in industries you do understand. If you’re doing your work well, you shouldn’t have an industry-wide permanent bad surprise. The number of stocks I own, and thus my diversification, such as it is, will ebb and flow as I find great businesses to buy. Phil also believes that as a result of this election, there will be dramatic changes in fiscal policies and in tariffs with China. All of these side effects will create a lot of short-term volatility. Even just a few days after the election, the market immediately jumped up, and has just recently leveled out. It’s hard to tell what will come next. On today’s podcast, Phil predicts what may happen next in the market and why all you can do as a rational Rule #1 investor is rely on the knowledge you’re equipped with.  Prepare yourself for whatever may happen in the stock market. Download my Stock Market Crash Survival Guide today: https://bit.ly/3eNtFZ6 Learn more about your ad choices. Visit megaphone.fm/adchoices
11/10/202043 minutes, 19 seconds
Episode Artwork

289- Rational Investing in Turbulent Times

What's going to happen in the next few months following the election? Nobody knows for sure, but there will likely be some turbulence ahead.  If you’ve been following along with my channels for some time, you know the best method to make long term gains in the market. You have to do the research and buy companies that fit the Rule #1 criteria and are “on sale.”  So how come everyone doesn't just do it? It could be because they’re busy adjusting to the pandemic, stressed out, or dealing with other external factors.  Now more than ever, you need to take care of your mind and body so you can avoid making costly investing decisions and, more importantly, stay healthy.  When you get overwhelmed by stress or fear, your rational mind loses power, and your emotions take over. Being able to control your emotions is an essential part of being a successful investor. And being able to control your emotions depends on how well you take care of yourself day-to-day. If you let anxiety, stress, or fear drive your decisions, you will end up making completely irrational choices that could hurt you in the long run.  Instead, you want to train yourself to observe those negative feelings and learn how to deal with them. Constantly falling victim to them will only send you into a downward emotional spiral that might lead you to make bad investment decisions. Always fall back on the investing knowledge you have and let your rational mind take over.  Rational investors have the ability to recognize when they’re feeling a bit unbalanced - and then walking away. They come back to it when they have a clear head so they don’t make a rash decision based on emotions.  Whether it’s practicing staying mindful, reading, working out, or meditating, try to incorporate some form of practice into your life that will enable you to keep a clear head during stressful times. It will be a big help in developing your ability to control your emotions.  Prepare yourself for whatever may happen in the stock market! Download my Stock Market Crash Survival Guide today: https://bit.ly/2TPpbYt Learn more about your ad choices. Visit megaphone.fm/adchoices
11/3/202041 minutes, 22 seconds
Episode Artwork

288- The Physical and Economic Consequences of COVID-19

Danielle is back for this week’s episode of InvestED. After almost seven weeks into recovery since first experiencing symptoms from COVID-19, she starts to reintroduce routine activity into her daily life and discusses both the physical and economic consequences of COVID-19 with Phil. Numbers have spiked in Europe in the past week and a half and there are theories as to why. Why have rates in some countries spiked, while others have been able to keep their number of cases down - and what does this have to do with investing? Phil and Danielle agree that the virus is very political in the United States, especially with the presidential election on the horizon. There is no doubt that if the pandemic continues the way it has, we will see some very serious currency related issues and possibly dramatic inflation. Businesses such as theatres, sporting events, and restaurants are already on life-support, and the long term effects of people continuing to stay home from work and businesses will lead to many businesses going under. Phil and Danielle agree that another stimulus package will be pushed through very soon, but the question remains as to what will happen with the currency; how much can you print and put into the economy, and how will this affect the US dollar (USD) itself? On top of this, the USD is the world’s reserve currency. If the USD goes down in value, it will injure any other country who has the dollar sitting in its vaults. So what should we as investors invest in, and how should we diversify our investments to protect ourselves from economic crash or inflation? If you want to prepare for the next market crash, download Phil’s Stock Market Crash Survival Guide today: https://bit.ly/3m3J7mt Learn more about your ad choices. Visit megaphone.fm/adchoices
10/20/202042 minutes, 41 seconds
Episode Artwork

287- Investing Q&A: Stock Splits and Company Valuations

A stock split is when a company decides to exchange more shares at a lower price for stockholders' existing shares. They happen from time to time, so it's important for us as investors to understand what that means. Stock splits make stocks more accessible to individual shareholders, make selling put options cheaper, and typically tends to increase share prices in the short run. So does a stock split impact your investment if you already own the stock? It shouldn’t, because your investment should be the value of the entire business no matter how many pieces it is split into.    There's another kind of stock split which is called a reverse stock split, where you end up with less shares than you previously started with. For instance, let's say you had 100 shares and they reverse split it 10 to 1, you suddenly have 10 shares. Does it increase the value or decrease the value? Not at all.    Rule #1 investors look at the company not per share. They look at it as a whole company the way an owner does. This is why the company evaluation process is a critical step in investing—if not the most important.    The company evaluation process includes confirming that the business has a margin of safety. Margin of Safety is the discount rate you can buy a wonderful business, which is generally 50% off the Sticker Price. Because the Margin of Safety is just 50% of the Sticker Price, it allows you the ability to purchase into the business with lower risk. Setting this limitation on the price of a business before you buy it helps protect you by providing an extra 50% cushion off the value of the company. Since you must do a lot of research before buying a business, it should always be something you’re confident in purchasing. However, anything can happen in the stock market, and it makes sense to allot yourself an extra measure of protection. Buying at 50% off does just that. Another way to evaluate a company is by evaluating the business’s moat. Moat is the durable competitive advantage that a company has that protects it from being attacked by competitors. Moat is what makes a company predictable and allows us to put a value on the business. Charlie Munger said that “Coca-Cola is the perfect business because it has this gigantic durable competitive advantage, or moat, which gives it predictable cash flow.” This allows us to figure out what the future cash flow will be and value the company today, so we know whether we can buy it on sale or not. Today, Phil answers fan questions regarding stock splits, company valuation, and explains why it’s important to do your research and due diligence before committing to any companies on your watchlist.  If you want to learn more about how to find excellent companies at attractive prices, download Phil’s Four Ms for Successful Investing Checklist: https://bit.ly/3jV5QAn Learn more about your ad choices. Visit megaphone.fm/adchoices
10/13/202031 minutes, 22 seconds
Episode Artwork

286- Real Estate Investing

If you think that because real estate lets you leverage your investment, the rate of return is much higher than a business/stock investment, and is, therefore a better place for beginner investors to put their money, think again. This is a commonly held idea that is completely mistaken.  Phil and other expert investors including Warren Buffett have owned real estate, everything from subdivisions to large farms, apartments, commercial property, and single-family homes. If you were to do a real estate versus business/stock ownership returns comparison, we could pit the hottest real estate markets against the hottest Rule #1 investors. But it seems better to use the average real estate market and the average Rule #1 investor. As Rule #1 investors, we incur almost no management responsibility—a significant advantage. We have to spend about 15 minutes a week reading and researching, and that’s it. We’re required to know the basics of Rule #1 investing, but it’s easier to learn than real estate investing once you know the advantages.  Let’s say a Rule #1 investor had $50,000 to invest. They could buy a wonderful business at an attractive price, and when it gets unattractive, sell and buy another. We do that for 30 years, averaging 15%. After 30 years, the investment would be worth $3.3 million. Now compare that to a real estate investment. Say the average person buys a $250,000 house for $50,000 down with a 6%, 30-year fixed mortgage. Their payments are $1,200 a month, but they rent it for $1,200 and cover the mortgage payments. They’re in the hole for insurance, maintenance, advertising, and taxes. Their only choice would be to re-leverage their investment and buy more real estate—which is a whole lot different than being retired, isn’t it? Now that you're starting to think about what assets you want to invest in, make sure you understand the distinguishing characteristics to look for when buying a piece of a company. Does the business have honest management, a large moat, margin of safety, and meaning to you? Research those companies more deeply to determine which abide by Rule #1 principles. If their numbers look good, these are companies you want to add to your watchlist. Today, Danielle and Phil discuss whether or not it’s possible to make real estate a beneficial component of a high-performing financial portfolio. Learn more about buying stocks within your circle of competence with this 3 Circles Exercise Guide! Click here to download: https://bit.ly/2F9rn9C Learn more about your ad choices. Visit megaphone.fm/adchoices
10/6/202055 minutes, 44 seconds
Episode Artwork

285- Allan Mecham’s Investing Philosophies

Allan Mecham is a well-known investor who runs a hedge fund called Arlington Value Capital. Allan has had a phenomenal track record, and implements the values and philosophies of Rule #1 investing. In 2012, Allan sent out a letter to his investors that covered some of his core investing philosophies. One of those philosophies included that in order to be successful in the stock market, you must look for the rare combination of business safety, an attractive price, and a clear understanding of the business that leads to a low-risk and market-meeting return. His principles also focus on the idea that you’re not trying to make money in investing, but the objective is to not lose money. This doesn’t mean the stock price never goes down from where you bought it, but rather, the value of the business never decreases from where you bought it. Determining whether or not a business’s value will decrease comes down to finding a safe company at a great price, and making sure you understand it fully. This is one of the core Rule #1 investing principles.  In Allan’s letter, he also stated that he has one goal in mind when structuring his policies. That is, to make rational decisions in investing which will lead to wonderful returns. This includes staying within your circle of competence and thinking objectively. The most important thing I can tell you about becoming a great investor is to focus on your circle of competence. Try to buy businesses that really mean something to you. What are you passionate about? What do you actually know something about? Those are the questions that will make you connect to your investments, and the more you connect with your investments, the more you will own it as if you own the whole business. The more you understand the meaning of the business, the better investor you are going to be. What Allan means by staying objective in investing is not being influenced by your emotions, and sticking to the data and facts in your researching process. Only buy into a company with the mindset that you are owning the business as if it were your own—and that you plan to own that company for the long-term. This is also aligned with Rule #1 investing philosophies. In today’s podcast, Phil dives deeper into Allan Mecham’s investing philosophies, and discusses what investors can learn from them.  Learn more about buying stocks within your circle of competence with my 3 Circles Exercise Guide! Click here to download: https://bit.ly/3ieOJbp Learn more about your ad choices. Visit megaphone.fm/adchoices
9/29/202029 minutes, 58 seconds
Episode Artwork

284- Investing Q&A: IBM Analysis - What Has Changed?

Warren Buffett says that the ideal investment is one that you can hold onto forever, growing your money for as long as you own it. However, Buffett and every other successful investor also knows that there are times when selling a stock is the best route. For example, Phil Town was a big fan of IBM and bought into the company in his earlier investing years. He researched IBM thoroughly, and felt that he understood the business as if it were his own. A few years later, IBM got a new CEO named Ginni Rometty. Phil believed that she was trying to change the direction of the company, and she did not have a proven track record of success in the technology field. This was a big red flag to Phil. It was clear that IBM wasn’t making the transition to a new CEO smoothly, so Phil tried to offset IBM’s drops in the market by buying in on put options and selling on call options. This did not generate returns like he hoped it would.  Interestingly enough, while all of this was happening, IBM sustained a big Moat—which they still have today. This is a great indicator of how hard it is to break a big Moat, even when the company is seemingly doing everything wrong. But it takes much more than Moat to make a great company. Ultimately, Phil ended up exiting his position with IBM, but was still able to profit off of it. This is the importance of buying companies with a Margin of Safety.   So, the question is: when IS it the right time to sell a stock? If you’ve done your homework and you’ve bought a great company at an attractive price...why sell it? You don’t want to regret the feeling that you sold something too late or too soon. You should sell a stock when the fundamentals of the company have changed. All companies change over time—sometimes for the better and sometimes for the worse. New management sometimes takes over, new competition comes onto the market, and, sometimes, the entire story of the company itself may change. If the company you now own is no longer the same company that you first invested in and you no longer have faith in its new direction, it's a good time to sell your stock. Second, you should sell a stock when the price of the company has reached its intrinsic value. As Rule #1 investors, we try to purchase companies at a discount to their true value. Thankfully, various events in the market can often drive the price of a company down below its true value, creating a great buying opportunity. Last, it’s a good idea to exit your position in a company when you simply have a better opportunity. While it's always ideal to have cash set aside for use in case a great investment opportunity comes up, there may be times when you want to invest more than you have available in cash. In these situations, it's perfectly okay to sell a stock in order to free up capital. In today’s podcast, Phil and Danielle talk about the changes in IBM that drove Phil’s decision to exit his position, and what investors can learn from them.  Don’t buy a risky stock. Download this ultimate to-do list for investors looking to buy wonderful businesses with low risk and high returns: https://bit.ly/2RwNp8S Learn more about your ad choices. Visit megaphone.fm/adchoices
9/22/202030 minutes, 46 seconds
Episode Artwork

283- Investing Q&A: Four Ms of Investing

Investing is one of the most morally charged and important things we can do. If we’re privileged enough to be among the few who have more money than is necessary to survive, we must be careful about how we allocate that excess capital. Ultimately, it could determine how the world works for our family for generations to come. So as you’re building your watchlist, keep in mind that you are buying businesses, NOT stocks. For instance, although the marijuana industry is starting to grow, you would still have to ask yourself if it fits within your values if you were considering investing in a marijuana production company. Are you proud to own the business as if it were your own? These are all things you have to ask yourself while analyzing companies in any industry. You also must consider the predictability of a company in the marijuana industry, since they are typically younger and therefore carry more risk. In these cases, there is typically less public information about those companies, making it harder to perform a proper analysis in your initial researching phase of investing.  The essence of Rule #1 is “don’t lose money,” but what that means in practical terms is to invest with certainty. Certainty comes from this: buying wonderful businesses at attractive prices. In Rule #1 investing, the word ‘wonderful’ actually encompasses four simple elements, which we call the Four Ms.  First, the company must have Meaning to you. This refers to understanding the industry, and if the industry has meaning to you, then you understand the environment in which the business competes. The next M is Moat, which refers to the durability of the business—or the competitive advantage a company has over other companies in the same industry. Just as Moat protects a castle from attack, a durable competitive advantage protects a company.  The third M is Management. Rule #1 investors only support businesses that have a CEO who is service-oriented, passionate about their business, honest, and experienced. While you can make money from a business with just Meaning and Moat, when you add in good Management, you’re less likely to suffer through a period when a traitor is running the show poorly and costing you money. Finally, the last of the Four Ms is Margin of Safety (MOS). MOS is essentially a large discount on the sticker price or intrinsic value—typically around 50% off. Understanding how to determine a company’s true value is so critical to stockpiling. Investors have gotten very rich buying companies, but unless they were very lucky, they only got rich because they knew the value of those businesses first. That’s why today, Phil and Danielle answer fan questions regarding business analysis, and discuss why it’s important to invest in companies that reflect your personal values.  If you want to learn more about analyzing companies on your watchlist, download Phil’s Four Ms for Successful Investing Checklist: https://bit.ly/2FJNAuw Learn more about your ad choices. Visit megaphone.fm/adchoices
9/15/202028 minutes, 15 seconds
Episode Artwork

282- Investing Q&A: Company Valuation

One of the core Rule #1 investing principles is to buy wonderful companies at attractive prices. This helps take the risk out of investing and makes it easier to get fantastic returns. However, there are other factors that you must consider before you commit to any companies on your watchlist. A great company encompasses four simple elements, and we call these elements the “Four Ms of Investing.” First, the company must have Meaning to you. This means you understand the business as if it were your own, you’re proud to own the business, and the business reflects your values. Meaning is often the factor that differentiates between truly investing in a company with confidence and simply gambling on whether or not they will grow in value. Next, the business must meet certain criteria in terms of financial strength and predictability. This is considered Moat. The business needs to have something that prevents their competition from coming in and stealing away the control they have over their market. By investing in a company with a Moat, you can ensure that you don’t lose your investment due to that company being watered down by competition. The third factor is Management, because every company is only as good as the people who are leading it! Far too often, companies are sunk due to dishonest or poor management. This is why it’s important to take your time to research the people who are leading a company, and make sure they have a track record of integrity, as well as success. Last, the business must have a large Margin of Safety (MOS). MOS essentially means you can buy a dollar of value for fifty cents. If you know what a business is worth, you must be able to buy it at a cheaper price. This will lead to high returns, and can eventually make you very rich. There are also red flags to consider when analyzing companies. For example, you should always be wary of CEOs that are selling off their shares of the company. This is tied to insider trading, or the trading of a public company's stock based on nonpublic information about the company.  When people hear “insider trading,” they probably think of situations like Martha Stewart going to jail for this practice. But, what a lot of people don’t realize is that insider trading is essentially legal if the CEO in question notifies the SEC that they’re doing it within 48 hours of the sale. Do you understand the company and why their mission is important? Does it have a genuine, tangible competitive advantage? Is it run by good people? Is it on sale? By getting the answers to these critical questions, you’ll know whether or not you should invest in this company. Today, Phil and Danielle answer fan questions regarding company valuation, and explain why it’s important to do your research and due diligence before committing to any companies on your watchlist.  If you want to learn more about analyzing companies, download Phil’s Four Ms for Successful Investing Checklist: https://bit.ly/32aNNQz Learn more about your ad choices. Visit megaphone.fm/adchoices
9/8/202032 minutes, 16 seconds
Episode Artwork

281- Circle of Competence

Invest in what you understand. Sounds simple, right? Shouldn’t everyone be investing in what they understand? Warren Buffett once stated that defining your circle of competence is the most important aspect of investing.  Circle of competence is tricky to define, but is essentially built by the things you are passionate about, what you’re talented or good at, and things you spend money on. It could even be related to the industry you currently work in and are knowledgeable about. The goal is to be proud of the companies you own, and how your money is being used to support those businesses. In many ways, defining your circle of competence comes naturally. However, as you live your life, your interests will change and expand, and you can apply these new interests to your investing strategy. Take Warren Buffett for example. Much of the reason why he invested in Coca Cola is simply because he appreciates the company and enjoys the product. It aligns with his values, thus making it a great fit within his circle of competence.  Let me give you another example. I’m a fan of motorcycles, so researching and investing in Harley Davidson was a natural choice for me. Since Harley Davidson is a company that is within my circle of competence, I enjoyed learning about them, I understand their business more easily, and am happy to have owned the company. Investing in your circle of confidence will help you reduce risk and makes your initial stages of research much more enjoyable. Although, it’s an often overlooked factor since many investors feel that they can make money with any company—regardless of whether they understand it or whether it aligns with their values.  Today, Phil and Danielle dive deeper into the concept of circle of competence, and why it is a critical part of successful investing. If you want to learn more about your own circle of competence, download my FREE 3 Circles Exercise Guide. It will help point you in the right direction so you can invest in businesses you understand!: https://bit.ly/3luGI4V Learn more about your ad choices. Visit megaphone.fm/adchoices
9/1/202029 minutes, 33 seconds
Episode Artwork

280- Margin of Safety Valuation

In Rule #1 investing, we call “buying on sale” purchasing stocks with a Margin of Safety. All you have to do to get a big MOS is know the value of the business you are buying—as a business—and then wait to buy it until the market drops much lower than the value. Today, Phil and Danielle dive deeper into Margin of Safety valuations, and explain why understanding how to value a company is critical to stockpiling.  For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/25/202028 minutes, 36 seconds
Episode Artwork

279- Payback Time

A powerful way to arrive at the margin of safety price is the “How long before I get my money back” method—aka Payback Time. If you buy the whole business and pocket all the earnings, Payback Time is the time it would take you to get your investment back. Once you get all of your money out of the business, you have no risk. Today, Phil and Danielle discuss this concept in depth, and explain why knowing Payback Time eliminates many fears of investing. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/18/202043 minutes, 49 seconds
Episode Artwork

278- Ten Cap Valuation Process

You’ve done the initial Four Ms analysis of companies on your watchlist, but your work is not complete. The next step in the researching process is critical, and tells you whether or not the business is worth purchasing. Being at this point in your analysis means that you’re highly confident that the company is going to be larger and more productive in ten years. Today, Phil and Danielle discuss this next step in the research process, and cover how to calculate margin of safety using the ten cap valuation process.  For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/11/202040 minutes, 40 seconds
Episode Artwork

277- The Rules of Insider Trading

In the researching phase of investing, it’s important to understand who the major players are and who else owns shares of the companies on your watchlist. However, insider disclosure rules are changing and will change the way this information is presented to the public. In today’s episode of InvestED, Phil and Danielle discuss factors that indicate large investors stepping in to purchase stocks, and the reasons why small investors have an advantage. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/4/202042 minutes, 16 seconds
Episode Artwork

276- Four Ms Checklist: Management Analysis Part 4

Management is one of the key factors to consider when looking for companies to purchase, and that involves analyzing the CEO’s compensation. You must understand how management gets compensated, and know that they are getting paid for building a better company—not for having a better stock price. This week on InvestED, Phil and Danielle discuss why it’s important for CEOs to get compensated for having low debt, high free cash flow, high owner earnings, and expanding the moat to protect against competition.  For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/28/202033 minutes, 44 seconds
Episode Artwork

275- Bill Ackman’s Investing Checklist Part 2

Bill Ackman’s checklist is straightforward and reflects the basic principles of Rule #1 investing. But sometimes a company’s story has changed, so you must research further to determine if you need to hedge, or even exit a position. This week on InvestED, Phil and Danielle discuss Ackman’s checklist more in-depth, and explain why keeping things simple is ultimately the best route to go in an investing situation. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/21/202038 minutes, 22 seconds
Episode Artwork

274- Bill Ackman’s Investing Checklist

Bill Ackman is a successful investor who we can learn from. Although his checklist slightly differs from the traditional value investing checklist, it still aligns with the principles of Rule #1 investing. He believes that an excellent company is simple and predictable, has a dominant market position, and a limited exposure to intrinsic risk. This week on InvestED, Phil discusses Ackman’s list in-depth, and explains why he has adopted this style of investing himself. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/14/202025 minutes, 46 seconds
Episode Artwork

273- Four Ms Checklist: Management Analysis Part 3

Analyzing management of a company can be mostly subjective, so you must strongly consider the objective numbers—numbers that clue us in to the ability of management to allocate capital properly. This week on InvestED, Phil and Danielle discuss key elements of a quality business, including low debt, high return on invested capital, high free cash flow, and how you can use them to predict a company’s future. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/7/202046 minutes, 45 seconds
Episode Artwork

272- Options Mistakes and Risks

For most investors, options are very risky and cause them to lose money. If you do trade options, remember to think long-term. Don’t panic when your options settle during weekends when the market is closed. This week on InvestED, Phil and Danielle discuss a tragic event that happened to an investor recently, and explain why if you don’t understand options, you should not trade them. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/30/202031 minutes, 7 seconds
Episode Artwork

271- Four Ms Checklist: Management Analysis Part 2

Management is one of the key factors to consider when looking for companies to purchase, but you must analyze more than just the CEO. Excellent management also includes high owner earnings, a growth mindset, and a business that requires less maintenance. This week on InvestED, Phil and Danielle discuss ways Rulers can use these concepts and principles to determine great CEOs of companies so you never have to lose money on your investments. For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/23/202041 minutes, 43 seconds
Episode Artwork

270- Four Ms Checklist: Management Analysis

When researching stocks to purchase, it's critical to consider the management of the companies on your watchlist. Not only are you looking for a great leader and someone who lives and breathes their company, but you’re looking for someone who is careful with allocating capital. This week on InvestED, Phil and Danielle dive deeper into ways Rulers can determine an excellent stock to purchase by examining CEOs and the way they navigate their finances.   Learn more about your ad choices. Visit megaphone.fm/adchoices
6/16/202044 minutes, 55 seconds
Episode Artwork

269- Company Checklist: What To Do in an Uncertain Market

In times of uncertainty in the stock market, many people lead with their emotions and make irrational investment decisions. But this doesn’t have to be the case. Bring it back to the basics, and always consider the Four Ms before purchasing any company on your watchlist: Moat, Meaning, Management, and Margin of Safety. This week on InvestED, Phil and Danielle discuss this checklist, and dive deeper into ways that Rule #1 investors can find a level of certainty and confidence in their decisions—even in an unpredictable stock market. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/9/202037 minutes, 15 seconds
Episode Artwork

268- Peloton: Company Analysis Part 2

Investing doesn’t involve gambling or speculation, but it’s how most people approach it. When you're ready to start investing, you must invest with certainty—and you can do so by considering the four Ms. This week on InvestED, Phil and Danielle continue to analyze Peloton, and whether its margin of safety aligns with the basic principles of value investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/2/202032 minutes, 54 seconds
Episode Artwork

267- Peloton: Company Analysis

We can’t deny that Peloton is a hot new company that stands out against its competitors, but does that mean it is a good company to invest in? Remember—a great business does not always equal a great investment, and you must consider the 4 M’s when determining the value of a company. This week on InvestED, Phil and Danielle analyze Peloton from an investing standpoint, and whether or not the company aligns with the Rule #1 strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/26/202050 minutes, 11 seconds
Episode Artwork

266- Taking a Position: Buy, Sell, or Wait?

There’s a lot of discussion these days concerning this unpredictable stock market during the COVID-19 pandemic. Should investors be buying? Should we be sitting patiently? What we do know for sure is that we must preserve our emotions, think logically, and let the bear market unfold. This week on InvestED, Phil and Danielle discuss their take on the different positions some of the best investors in the world are taking, and how we can learn from their decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/19/202035 minutes, 13 seconds
Episode Artwork

265- Interview with Bestselling Author Dan Heath

So often, we get stuck in a cycle of reaction rather than finding the source of problems that we are faced with. This week on InvestED, Danielle speaks to New York Times bestselling author Dan Heath about his new book “Upstream: How to Solve Problems Before They Happen.” Heath discusses this concept of “upstream problem solving”, and how it relates to investors and companies during this COVID-19 induced recession.  Learn more about your ad choices. Visit megaphone.fm/adchoices
5/12/202042 minutes, 18 seconds
Episode Artwork

264- Berkshire Hathaway Meeting Recap and Implications

The Berkshire Hathaway Annual Shareholders Meeting took place on Saturday, May 2, and investors around the world tuned in virtually. The way Warren Buffett was speaking in this meeting was vastly different compared to previous years. What is this implying for investors and the economy? Listen to the podcast today to find out what Warren Buffett thinks about the current stock market climate and how investors should prepare themselves for what’s to come next. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/5/202046 minutes, 22 seconds
Episode Artwork

263- Investing and Amazon

The impact COVID-19 has had on service companies around the world is enormous. With consumerism being approximately 70% of the US GDP, nothing is being sold at the level it was except groceries and Amazon products. If you don’t know what to do right now, you might want to seriously consider going into cash and learning to become an investor. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/28/202043 minutes, 43 seconds
Episode Artwork

262- Market Volatility and Anti Fragile Companies

At this moment, many investors have frozen to wait and see what happens next. The safest thing to do right now is watch and research. Which companies are anti-fragile and look to be in good shape? Listen to the podcast today to find out. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/21/202045 minutes, 36 seconds
Episode Artwork

261- The Economic Impact on US Airlines

It recently became public knowledge that Warren Buffett sold a bunch of shares of these airlines. Why would Buffett sell? For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/14/202042 minutes, 57 seconds
Episode Artwork

260- What to do Now

This week on InvestED, Phil and Danielle speak to how important it is right now that we are learning to invest like the best investors in the world. As we look into the fog of the future, we can see many variables impact investing. Learn what you need to know and what you should be doing right now as an investor by listening to the podcast today! For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/7/202048 minutes, 38 seconds
Episode Artwork

259- Jim McKelvey and The Innovation Stack

This week on InvestED, Phil and Danielle are joined by podcast guest, Jim McKelvey the co-founder of mobile payment company, Square to talk about investing and how innovation impacts a company’s success. What does it take for a start-up to turn into a successful business? Listen to the podcast today to find out. For show notes and more information visit www.investedpodcast.com. Interested in getting your own copy of The Innovation Stack? Order it here https://www.jimmckelvey.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/31/202050 minutes, 53 seconds
Episode Artwork

258- COVID-19 and The Market Crash

In this week’s episode of InvestED, Phil and Danielle discuss the market crash and agree that we are in fact seeing an “event” take place due to COVID-19. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/24/202041 minutes, 19 seconds
Episode Artwork

257- Checklist: The Importance of Understanding The Moat

In this week's episode of InvestED, Phil and Danielle return to their recent conversation on checklists and their acronym, RULES. Their conversation focuses on the discussion of the "U" letter, Understand. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/17/202037 minutes, 21 seconds
Episode Artwork

256- The Ultimate Investing Checklist

This week on the InvestED podcast, Phil and Danielle continue their discussion on checklists revealing the next six points on their list you should know about a company before investing. For show notes and more information visit www.investedpodcast.com.  Learn more about your ad choices. Visit megaphone.fm/adchoices
3/10/202037 minutes, 5 seconds
Episode Artwork

255- Coronavirus: What Does This Mean For The Market?

Last week the market dropped about 10%. With lots of discussion around the market right now due to these historically low numbers, Phil and Danielle open up their own conversation on the matter. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/3/202044 minutes, 32 seconds
Episode Artwork

254- How to Properly Understand a Business When Investing

This week on InvestED, Phil and Danielle continue their discussion on checklists diving into the letter “U” of the “RULES” acronym representing thoroughly understanding a business before investing. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/25/202036 minutes, 30 seconds
Episode Artwork

253- Checklist Radar

This week on InvestED, Phil and Danielle dive back into their recent conversation on checklists and introduce the acronym, RULES, that Phil uses to create his own checklist. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/18/202039 minutes, 54 seconds
Episode Artwork

252- New Indicators

In this week’s episode of InvestED, Phil and Danielle discuss the ever-changing stock market and the milestone high and lows of the S&P 500 in 2019. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/11/202035 minutes, 36 seconds
Episode Artwork

251- Checklist

In this week’s episode of InvestED, Phil and Danielle talk about the importance of creating checklists that are precise, efficient, easy to use under difficult circumstances, do not try to spell out everything and provide reminders about the most important steps. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/4/202032 minutes, 31 seconds
Episode Artwork

250- Events (Part 2)

In this week’s episode of InvestED, Phil and Danielle continue their conversation on what defines an event and the role fear plays in this outcome. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/28/202040 minutes, 3 seconds
Episode Artwork

249- Events

Since a majority of the investing world does not believe it’s possible to generate a high return on your investments with low risk, the door is open for the rest of us to find wonderful businesses on sale. What exactly is an event? Phil and Danielle discuss how they define an “event” as well as the role that fear plays in the outcome. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/21/202035 minutes, 7 seconds
Episode Artwork

248- Robert Shiller & The PE Ratio

This week’s episode of InvestED, Phil and Danielle talk about how important it is to continue following Rule #1 strategy as an investor in the current market and not act on speculation. It’s important to remain cautious investing in an unclear market. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/14/202038 minutes, 7 seconds
Episode Artwork

247- Wilshire GDP & Printing Money

It's 2020 and with the new year comes the pressure to invest. In this episode, Phil explains how important it is to really understand what's happening with the stock market right now, and whether the current stock prices truly represent what's being sold in the US. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/7/202042 minutes, 49 seconds
Episode Artwork

246- New Year's Intentions

Happy New Year! In this episode of InvestED, Phil and Danielle reflect on the past year and look ahead at what they want to accomplish in 2020. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/31/20199 minutes, 40 seconds
Episode Artwork

245- From the Vault: How to Know What You Don't Know

Warren Buffett says he is successful because he knows what he doesn’t know. But what does that really mean? For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/23/201944 minutes
Episode Artwork

244- A Hero's Journey

Just as a hero does, a Rule #1 investor starts as a person in the ordinary world who experiences a call to adventure. They then have to cross the threshold into investing, go through tests, learnings, and many times face failure before they find success. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/17/201940 minutes, 42 seconds
Episode Artwork

243- Quick Questions: Is Cash Okay?

On this episode of InvestED, Phil and Danielle answer a "Quick Question with InvestED" by a listener asking if being in cash impacts your overall return. Is it okay to be in cash? For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/10/201936 minutes, 39 seconds
Episode Artwork

242- FREE Trades?! Our First Contest!

In this week’s episode of InvestED, Phil and Danielle discuss the recent news regarding TD Ameritrade and Charles Schwab. Phil and Danielle also announce a contest... listen to the show for details! For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/3/201937 minutes, 37 seconds
Episode Artwork

241- Quick Questions: Bankruptcy

Bankruptcy doesn’t happen overnight - it’s a long time coming. PG&E (Pacific Gas and Electric) is the company that Phil and Danielle discuss and its recent file for bankruptcy. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/27/201941 minutes, 25 seconds
Episode Artwork

240- Quick Questions: Is an “Event” Required?

In this episode, Phil and Danielle answer another “Quick Questions with InvestED” left by a listener of the podcast. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/19/201936 minutes, 28 seconds
Episode Artwork

239- From the Vault: Choosing Your Management Team

Some investors don’t pay attention to this little detail, but as Rule #1 investors, it’s something that matters the most… Management! For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/12/201935 minutes, 15 seconds
Episode Artwork

238- From the Vault: Qualities of a Great CEO

This week on InvestED we discuss how to find CEOs and management with integrity and talent. For show notes and more information visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/6/201934 minutes, 3 seconds
Episode Artwork

237- The Practice of Investing

For show notes and more information visit www.investedpodcast.com. In this episode of InvestED, Phil returns and Danielle announces exciting news about her new course, Mostly Invested. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/29/201940 minutes, 48 seconds
Episode Artwork

236- Vitaliy Katsenelson on Budgeting & Success (Part 2)

For show notes and more info visit, www.investedpodcast.com. In this episode of InvestED, Danielle learns more about how Vitaliy got involved in investing, and how he got to the level of success he’s at now. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/22/201937 minutes, 10 seconds
Episode Artwork

235- Vitaliy Katsenelson on Budgeting & Success (Part 1)

This week on InvestED Danielle meets Vitaliy Katsenelson, CEO of IMA Financial Group in Denver, Colorado and author of “The Little Book of Sideways Markets.” A fantastic long-term investor, Vitaliy grew up in Soviet Russia and has a fascinating story to share around how he achieved the success he has now. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/15/201942 minutes, 1 second
Episode Artwork

234- Veronica Dagher on the Secrets of Successful Women

On this week’s episode of InvestEd, Danielle welcomes a very special guest, Veronica Dagher. Veronica is the host of the podcast “Secrets of Wealthy Women”,  a successful Wall Street Reporter, and author of her new book, “Resilience”. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/8/201938 minutes, 24 seconds
Episode Artwork

233- Michael Burry & Index Investing Fears

This week Phil and Danielle continue their conversation on famous investor, Michael Burry and his opinion on index funds. In this episode of InvestED, they dig deeper as to why there could very well be a larger problem on the rise in the US market. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/1/201938 minutes, 35 seconds
Episode Artwork

232- Next Big Crisis

For show notes and more info visit investedpodcast.com. This week on InvestED, Danielle and Phil discuss investing circumstances that have created economic downturn in the past, as well as what we think could potentially result in the next big crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/24/201935 minutes, 39 seconds
Episode Artwork

231- Bridge to Investing

For show notes and more information visit www.investedpodcast.com. It’s normal to feel unsure when it comes to investing your money. This week on episode 231 of InvestED, Phil and Danielle talk about their investing beginnings and the common feelings that came with learning Rule #1 investing when they both started investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/17/201931 minutes, 26 seconds
Episode Artwork

230- Warren Buffett's Birthday (Part 2)

For show notes and more information, visit investedpodcast.com. Today on InvestED Phil and Danielle expand on their discussion of Warren Buffett and his achievements as he continues to inspire many to follow in his footsteps. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/10/201937 minutes, 38 seconds
Episode Artwork

229- Warren Buffett's Birthday

For show notes and more information, visit www.investedpodcast.com. Warren Buffett is living proof that it is possible for an ordinary person of ordinary intelligence to invest and have low risk and high returns. On this week’s episode of InvestED, we celebrate Warren Buffett’s 89th birthday and commemorate all of his successes. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/3/201944 minutes, 32 seconds
Episode Artwork

228- Quick Questions: Investing Vs. Speculating

For show notes and more information, visit www.investedpodcast.com. It is possible as an investor to get high returns without high risk? That’s the basis of Rule #1 Investing. In this week’s episode, Phil and Danielle explain the difference between being an investor and being a speculator as well as how important it is to really understand what you own. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/27/201927 minutes, 41 seconds
Episode Artwork

227- Buybacks (Part 4)

For show notes and more information, visit www.investedpodcast.com. This week Phil and Danielle finish up the final episode of a four-part series on buybacks. A significant question that arises during their conversation is whether or not buybacks are driven by a lack of integrity with management. The resulting answer is, unfortunately, more often than not. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/20/201936 minutes, 24 seconds
Episode Artwork

226- Buybacks (Part 3)

For show notes and more information, visit investedpodcast.com. Phil and Danielle continue their four-part series on buybacks in this episode of InvestED. They use common situations to illustrate exactly what a buyback is and what occurs when a company buys back its shares of stock. Companies distribute shares such as a pizzeria selling pieces of a pie, issuing slices of its ownership when it becomes public. When a company retires two pieces of its pizza pie by buying them back, what then happens to the remaining slices? The discussion proceeds as Phil and Danielle explain why companies decide to buy back shares with their extra money. They explain why companies bother with buying back their shares, and additionally cover the 4 basics of what a company can do with its extra money. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/13/201943 minutes, 57 seconds
Episode Artwork

225- Buybacks (Part 2)

This week Phil and Danielle continue their conversation by talking about companies using their extra money to buy back their own stock. The conversation shifts when they discuss varying choices that companies make when board members want to retain or increase their control. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/6/201932 minutes, 4 seconds
Episode Artwork

224- Buybacks (Part 1)

For show notes and more info visit www.investedpodcast.com This week, Phil and Danielle talk about companies using their extra money to buyback their own stock. Phil also talks about what a company being “too hard” means. A company is too hard when you can’t understand it, you can’t predict where they’re going to be in 10 years, or even companies you can’t figure out what they’re worth. Keep it simple. If there’s something about a company that you can’t understand, it’s simply, too hard. Here are a few options that companies have to do with their extra cash. They can issue dividends, which many companies do. They can buy back their own stock and they can just keep it and you use it for acquiring other companies or putting extra money into growing the company. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/30/201927 minutes, 49 seconds
Episode Artwork

223- From the Vault: Justin’s Butter & Digging Your Canyon

For show notes and more information visit www.investedpodcast.com. This week Phil and Danielle continue their From the Vault series and reintroduce Justin’s Nut Butter. In this episode, they go through a brief history of Justin’s Nut Butter, discuss how to evaluate a company for investing, and explain how to “dig your canyon.” Learn more about your ad choices. Visit megaphone.fm/adchoices
7/23/201951 minutes, 53 seconds
Episode Artwork

222- Short Selling Tesla

For show notes and more information, visit www.investedpodcast.com. This week, Phil and Danielle continue their discussion of Tesla. They jump into the definition of short selling a stock and why people are shorting Tesla right now. Phil explains what a short sell is and when someone might think about shorting a stock. Phil talks about why it’s very difficult to be a short seller because, not only do you have to be right about the stock, but you have to be right and get the timing perfectly. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/16/201943 minutes, 43 seconds
Episode Artwork

221- Fears Surrounding Tesla

For show notes and more information, visit investedpodcast.com. This week we talk about what’s going on with Tesla and Elon Musk right now. Phil talks about a big problem for Tesla. Competition, disruption, and innovation. By the year 2022, there are expected to be over 200 electric cars on the market. That’s just 3 years from now. It’s a little scary that Tesla is running hard into the teeth of competition that’s been built on it’s back.  Learn more about your ad choices. Visit megaphone.fm/adchoices
7/9/201942 minutes, 20 seconds
Episode Artwork

220- From the Vault: Risky Market

This week, we're continuing our From the Vault series here with one from the beginning of 2019, when we talked about the risky market that we're in. Things really haven't changed much in the past 6 months. Check it out and see what you think. Happy Fourth of July. For show notes and more information, visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
7/2/201936 minutes, 23 seconds
Episode Artwork

219- From the Vault: Let’s Talk About Tesla

Almost two years ago, Phil and Danielle talked about Tesla, its inner workings and the ups and downs in the stock price. They also talked about whether or not its stock price has anything to do with its actual value as a company.  Now Tesla is back in the news for having been again, up and down, and the same questions are still out there. Let’s play this one from the vault. For show notes and more info visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
6/25/201932 minutes, 36 seconds
Episode Artwork

218- John Assaraf on How to Turn Fear into Fuel

This week, InvestED welcomes John Assaraf to the show. John is one of the leading mindset and behavioral experts in the entire world. He's been on Larry King Live and Anderson Cooper, the Ellen Show. He's built five multimillion dollar companies, written multiple New York Times best-selling books and, he's been in eight movies including the Secret. He's the founder and CEO of Neurogym, which is a company that uses the most advanced technologies and brain training methods to help people unlock and ignite their fullest potential. In today’s episode, they discuss John’s new book, Innercise, and how brain training relates to investing and money. John talks about how fear often times holds people back from investing. Fear is associated with risk, potential pain and suffering, and going backward. The opposite side of that is, all of the rewards that come with making money, doing the right things, and seeing the gains and benefits. It's almost like a brake and gas system of a car, you need both, and you can use both. Once you learn how to use both you can get moving. John talks about how to turn your fear into fuel and harness your full potential. He talks about how you can do ‘innercises’ to strengthen your core neuro muscles and goes over a few techniques to stay calm and increase your awareness of your thoughts, feelings, and emotions. Especially when it comes to being scared of losing money. To learn more about Innercise and John Assaraf visit IgniteMyBrain.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/18/201948 minutes, 29 seconds
Episode Artwork

217- Warren Buffett Quotes (Part 2)

This week, Phil and Danielle continue their discussion of Warren Buffett quotes. Warren Buffett Quotes from this Episode “A great investment opportunity occurs when a marvelous business encounters a one time huge, but solvable problem.” A marvelous business has a very specific definition, it's one, that you can look into the future with a pretty high degree of certainty about this company being more productive and bigger than it is today. And by the future, I mean, five to 10 years out. These types of businesses don’t go on sale often. It's a very specific kind of problem that Buffett is talking about here. It is, number one, one time, it's going to happen one time. And number two, they are going to solve it, no question about it. Those two things have to go together. “We believe that a policy of portfolio concentration may well decrease risk, if it raises as it should both the intensity with which the investor thinks about a business and the comfort level he must feel with his economic characteristics before buying into.” Here, Buffett is saying, if you focus on a few things, where you have a very high comfort level or very high level of certainty, that's what takes your risk down. “Overall, we've done better by avoiding dragons than by slaying them.” If you're looking to reduce risk, you're not going to go out there and acquire huge companies with problems just because they’re cheap. “It is optimism, that is the enemy of the rational buyer.” “The business schools reward difficult complex behavior more than simple behavior. But simple behaviors more effective.” “Be fearful when others are greedy and be greedy when others are fearful.” For show notes and more information, visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/11/201939 minutes, 25 seconds
Episode Artwork

216- Warren Buffett Quotes

This week, Phil and Danielle talk about a book called My Warren Buffett Bible written by Robert L. Bloch. Robert Bloch’s father was Henry Bloch who started H&R Block. Phil talks about the “practice” of investing as something that you can really love. Investing doesn’t have to be hard or stressful. You can enjoy the practice of research and find joy in what you’re doing. They also talk about the gigantic brand Moat that Disney has built as well as the problem with large companies with a lot of debt. Warren Buffett Quotes from this Episode “Someone sitting in the shade today because someone planted a tree a long time ago.” “To swim a fast hundred meters, it's better to swim with the tide than to work on your stroke.” Next Week: “A great investment opportunity occurs when a marvelous business encounters a one time huge, but solvable problem.” If you want to hear some great quotes from the Oracle himself, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
6/4/201938 minutes, 44 seconds
Episode Artwork

215- What Stocks to Buy for Your Children?

For show notes and more info visit www.investedpodcast.com. “The advice, buy and hold, is very good advice, as long as hold means 40 to 60 years.” - Phil Town This week, Phil and Danielle talk about parents buying stocks for children. She has a couple of choices. The first choice is to do what Buffett says to do and buy the US stock index, SPY. Or you can buy individual companies. What would you do for your child? They also talk about the differences between indexes like the S&P 500 or the Russel 2000. The S&P 500 tend to be a little more steady than other indexes. Phil also discusses the Shiller PE ratio and what it means when the ratio is 25 and above for your returns. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/28/201936 minutes, 47 seconds
Episode Artwork

214- Berkshire Annual Meeting 2019 Recap (Part 2)

In this episode, Phil and Danielle continue their talk about their experiences at the Berkshire Annual Meeting. Phil talks about the “3F’s” of starting a fund. Friends, Family, and Fools. They also talk about what Berkshire’s core competencies are. Buffett answered this question by saying, “We really don’t have one. We don’t expect to know anything particularly except how to pick people that have a core competency.” They also discuss ESG companies. ESG companies is a new way of talking about “conscious companies”. ESG stands for environmental, social, and governance. They also talk about board members of a company and how they can really make companies act in a horrible way to pad their pockets in the short term.   For show notes and more info visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
5/21/201939 minutes, 52 seconds
Episode Artwork

213- Cheryl Einhorn on Investing Decision-Making & Research

For show notes and more information, visit investedpodcast.com. This week, Danielle welcomes Cheryl Strauss Einhorn to Invested. Cheryl is the creator of the Area Method which is a decision-making system to solve complex problems. In investing, we're all trying to solve for the problem of which companies we should put our hard earned money into. Her book, Investing in Financial Research, a Decision-Making System for Better Results. She’s also the author of the award-winning book, Problem Solved. She teaches at Columbia Business School, she's won several journalism awards for her investigative stories about business and economics, and political topics. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/14/201944 minutes, 28 seconds
Episode Artwork

212- Berkshire Annual Meeting 2019 Recap (Part 1)

For show notes and more information visit investedpodcast.com This week Phil and Danielle record the podcast in person, in Omaha after attending the Berkshire Hathaway annual meeting. They talk about all of the fanboys that come to the meeting and what the atmosphere is like. They also talk about “Warren Buffett buying Amazon” and how the news headlines were very wrong and the difference between “New Buffett” investing and “Old Buffett” investing. Phil and Danielle also discuss why Buffett isn’t buying back stock and sitting on so much cash. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/7/201941 minutes, 28 seconds
Episode Artwork

211- Gillian Zoe Segal on Interviewing Warren Buffett

For show notes and more info visit investedpodcast.com This week, Danielle talks to Gillian Zoe Segal about how she was able to interview Warren Buffett for her book, Getting There. Gillian is the author of two books. The first one is called New York Characters and the second one is called the Getting There. She is also an amazing photographer and she took all the photos in the book. Getting There is a compilation of essays written by a number of luminaries. And one of them is Warren Buffett. They also discuss when you can tell the difference between persevering through hard times and when it’s time to know when you should pivot and change directions. In Gillian’s book, Warren Buffett talks about how important it is to know your strengths and weaknesses. Knowing what to leave out is just as important as knowing what to focus on. Gillian interviewed some amazing people in her book and tells some fantastic stories. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/30/201938 minutes, 24 seconds
Episode Artwork

210- Mistakes of Omission

“The practice of investing implies joy in the process of learning something that's difficult.” - Phil Town For show notes and more information visit investedpodcast.com. This week Phil and Danielle talk about what Charlie Munger calls, “Mistakes of Omission.” You can get pretty good at investing pretty quickly because there are only a few rules that you need to follow. One of the hardest things about investing the agony of missing out on something because you’re not confident or clear, or you don’t have the patience to wait something out. If you’re investing correctly, you should have mistakes of omission, not mistakes of commission. When it comes to investing, you need to be brutally honest with yourself to understand your mistakes and move on.    Learn more about your ad choices. Visit megaphone.fm/adchoices
4/23/201951 minutes, 27 seconds
Episode Artwork

209- How to Love Investing [From Ask Us Anything Call]

This week Phil and Danielle playback a couple of really good questions that were asked in their “Ask Us Anything” call. The first question is about teaching your kids about investing. Phil tried to teach Danielle when she was younger to get her involved with investing. Ben has tried to get his daughter to read Invested without any luck. Phil and Danielle provide a bit of advice on how to get kids interested in investing. The next questions involve how to get other family members interested in investing, and what exactly it means to “be in cash”. Finally, they discuss whether or not it’s necessary to love a company that you buy. For show notes and more information, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/16/201926 minutes
Episode Artwork

208- Jacob Taylor Author of "The Rebel Allocator"

This week Phil and Danielle talk to Jacob Taylor, the author of The Rebel Allocator. Jake Taylor is the Chief Executive Officer of Farnam Street Investments. He’s also the host of the popular web series Five Good Questions. Jake has an MBA in Finance and Accounting from UC Davis. While in school, Jake had a chance lunch with Warren Buffett which solidified his path toward being a professional value investor. Jake enjoys reading, health, fitness, staying active outdoors and finding adventure. He lives in Folsom, CA with his wife and 2 boys. Jake wrote an investing book about capital allocation in an interesting way. The book is fiction. In the book, Jacob takes you through a story where the character learns, starting at the individual customer transaction level and built all the way up to M&A, share buybacks, and beyond. To keep from boring you, Jacob wrapped the lessons in a coming-of-age story of a college grad crossing paths with a wealthy Midwesterner. Imagine if The Karate Kid's Mr. Miyagi was modeled after a certain well-known Oracle. Charlie Munger actually called Jacob when he read the book. Join us for an extremely interesting episode with Jacob Taylor! For show notes and more info visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
4/9/201947 minutes, 23 seconds
Episode Artwork

207- Inverted Yield Curve

For show notes and more info, visit investedpodcast.com. This week, Phil and Danielle talk about the fact that 30% of the stock market is not invested in individual stocks, but in indexes. Many investors fear the effects of so many people owning indexes rather than the underlying companies. They also discuss the inverted yield curve, what it is, and what it means for investors. Phil also discusses the fear that baby boomers have about a market crash, destroying 50% of their retirement. Finding Buffett Alert! The Finding Buffett Treasure Hunt ends 4/3 at 11:59PM! Tune in now to get all the details on how you can get 3 months to Danielle’s newsletter FREE along with a private Q&A Webinar with Phil and Danielle and VIP seating at Phil’s next workshop. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/2/201952 minutes, 47 seconds
Episode Artwork

206- Finding Buffett

This week Phil and Danielle discuss the importance of making your own investing choices. It’s easy for someone to follow Warren Buffett and to likely make money if you mirror his choices, but it’s what happens when he pulls his money out of the market and you don’t know what to do with your money… that’s when you run into trouble.  For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/26/201945 minutes, 37 seconds
Episode Artwork

205- Warren Buffett’s Annual Letter

For show notes and more information visit investedpodcast.com.   This week Phil and Danielle talk about why Charlie Munger is so bitter about missing out on a stock purchase in the 1970s. Phil talks about what he calls “Mistakes of Omission”.  Phil also talks about why it’s extremely hard to find a company that’s on sale right now. He’s not alone in this. Warren Buffett shares in his annual letter that he’d love to buy a huge company, but that nothing is priced on sale right now. It’s also hard to find companies in the private market as well. We’re given the opportunity at the end of a bull market run. Right now it’s a blessing that the market hasn’t crashed because there are so many companies that you haven’t researched. This means you should be out there, researching all of the great companies that you can, and building your watchlist. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/19/201934 minutes, 34 seconds
Episode Artwork

204- Short-Termism

For show notes and more information visit investedpodcast.com. In this episode, Danielle and Phil discuss why short term viewpoints in the stock market are terrible. When analysts upgrade or downgrade a stock and the price drops, it’s terrible. When companies miss on earnings and the market responds with stock price dips, it’s terrible. Once you start having to hit a certain number every quarter rather than having to hit a certain number over the next five years, it becomes risky. What started as people wanting to get more information on company earnings has become a problem of short-term thinking. Charlie Munger thinks that short-term investing is insane. He’s said in the past that he almost never has a transaction. For show notes and more information visit investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/12/201938 minutes, 11 seconds
Episode Artwork

203- Charlie Munger Daily Journal Annual Meeting

This week Phil and Danielle discuss key takeaways from Charlie Munger’s Daily Journal Annual Meeting that took place at the end of February 2019. In the meeting, Charlie complained at fund managers try to beat the market and don’t, but still charge for it. Charlie’s main philosophy is to do less. They never had the illusion that they could get really useful information on all subjects. They realized that if they worked hard on a few things, and do those things really well, they would come out ahead. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
3/5/201929 minutes, 31 seconds
Episode Artwork

202- The Glass Ceiling

This week Phil and Danielle discuss why the financial industry doesn't want you to have the ability to do what they do. They don’t want to give you the  “secret formula” so they make finance seem complicated. You don't know Sharpe Ratio. You don't know Capital Asset Pricing Models. You don't know how to adjust for the Beta. Here’s the bottom line though, all of these things that are taught in the business schools, are BS. We also talk about our upcoming interview with Jacob Taylor and announce our next “InvestED Book Club” read. We also discuss the MSCI ACWI Index. This is an index that you can buy that follows the stock markets in the entire world. Like buying the S&P 500 for the world. Learn why Buffett says, “When America gets a cold, the rest of the world gets pneumonia.” For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
2/26/201934 minutes, 22 seconds
Episode Artwork

201- Investing Success & Indexing

This week, Phil and Danielle continue their discussion of Ray Dalio’s 5 principles for inevitable success. If you haven’t listened to episode 200 you probably want to start there. We also discuss how difficult it is to understand why you made a mistake and how to fix it. Phil thinks that most of the time mistakes happen because you don’t fully understand something. Phil illustrates this by telling the story of the almond orchard that he purchased. The most important thing that you can do to tell if you truly understand something is to invert the entire story. Finally, we talk about index investing. When you invest in an index, you’re effectively betting on the economy of another country. There might occasionally be a company in Canada, Europe, China, or Turkey you might want to invest in, but you have to consider the government of each of these countries and what they could potentially do to that business. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
2/19/201944 minutes
Episode Artwork

200- 5 Principles for Inevitable Success

This week Phil and Danielle celebrate the 200th episode of InvestED: The Rule #1 Podcast! During this episode, we talk about how you can guarantee success in investing and life. We talk about Ray Dalio, the owner of Bridgewater Capital, who manages $160 billion in assets. Ray manages all of his money based on a very strict set of investing principles. He’s been able to achieve phenomenal returns. 18% over the past 36 years. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
2/12/201943 minutes, 55 seconds
Episode Artwork

199- Recession Prepping?

This week Phil and Danielle discuss prepping for the next recession. Seth Klarman published a paper to his investors that is a little scary. It basically takes a grim position on the economy and where we're at. We’re at the end of a long credit cycle with a ton of debt, there’s potential of recession, potential depression, potential wars, potential riots. A lot of really unpleasant things can happen at the end of a credit cycle when you simply have too much debt worldwide. We also talk about why Phil doesn’t think it doesn't hurt to be in cash for 3 years if you're in cash when it all hits the fan and you can take advantage of that. The goal is to have capital available to invest when everybody else thinks it's the end of the world. Rule #1 investors want to invest want to invest in 1932 after the depression hit. We don't want to invest in 1999 during the dot-com bubble. We don't want to invest in 2007. We want to buy fear and sell greed. For show notes and more information “We have a rainstorm due. It didn’t come last year. It could come this year. It could come next year. But, it’s coming.”- Phil Town For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
2/5/201934 minutes
Episode Artwork

198- IPOs & Uber

“When we value a company we want to look at a company that has a track record of 10 years. Especially, the last 10 years. IPOs are in the risky biz portfolio for lack of a long track record. ” - Phil Town This week we discuss why we’re in such a wild stock market. The market dropped 15% and is working its way back up. We've got the “Trump Effect” going on and we're in our 10th year of no recession. That's the longest in American history. We’re also at a Shiller PE that hasn’t been this 140 years it's only been where it is now 4 other times. Although Phil is pretty reluctant to talk about it, we do talk about upcoming IPOs and if an IPO is mature enough to do a Rule #1 analysis on them. For show notes and more information visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/29/201944 minutes, 36 seconds
Episode Artwork

197- Special Guest: Kelly Hultgren, Co-Founder of HerMoney Media Inc.

This week Danielle talks to Kelly Hultgren of HerMoney Media. Kelly is a journalist and podcaster based in New York City, covering personal finance and entrepreneurship. Since 2013, she's been reporting and producing for Jean Chatzky, the longtime financial editor for the NBC TODAY show. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/22/201928 minutes, 57 seconds
Episode Artwork

196- Risky Market

“What makes a stock market dangerous is the fear and emotion that it creates when it drops.” - Phil Town How do you invest safely in a dangerous stock market? This week we dive into what makes the stock market so dangerous. In the long run, the stock market will rise again and your investments, especially if you own wonderful businesses, will come out ahead down the road somewhere. Unfortunately, what makes it dangerous is that somewhere down the road has been as long as 26 years. We also discuss the problem with interest rates on bonds and why they’re actually dropping when they should be going up. Why are people buying 30-year bonds for such low-interest rates? Because they want to lock in a good retirement or a decent rate of return in what may well be the next giant depression. For show notes and more information, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
1/15/201935 minutes, 40 seconds
Episode Artwork

195- New Year, New Stock Market Outlook

This week we discuss why index investing isn’t really speculating because you’re betting on the US to be more prosperous in 10 years than it is today because indexes parallel the US stock market. We talk about what makes the US a good economy (and stock market) to bet on. We analyze the United States using the 4Ms of investing. We discuss why the average PE Ratio of the S&P 500 for the last 100 years has been about 15. Finally, we talk about how recessions typically cycle and what’s going on with the Federal Reserve. Let’s dive into what’s going to happen 2019, if we’re headed for a recession, and the state of the market. For show notes and more information, visit investedpodcast.com.   Learn more about your ad choices. Visit megaphone.fm/adchoices
1/8/201938 minutes, 5 seconds
Episode Artwork

194- A Special Merry Christmas Thank You

Today is Christmas Day and we wanted to extend a special thank you to all of our listeners and Rule #1 Family. We're looking forward to all of the things that 2019 is going to bring us. We'll resume the podcast on January 8th 2019 to enjoy the holidays and spend time with family. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
12/25/20186 minutes, 13 seconds
Episode Artwork

193- What Happened? Amazon and Whole Foods (Part 2)

In this week’s podcast, we talk about the essence of investing we also talk about Canadian Cannabis stocks and how easy it is to get burned by bad management. For show notes and more info visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
12/19/201842 minutes, 19 seconds
Episode Artwork

192- What Happened? Amazon and Whole Foods

This week we analyze what has happened in the year since Amazon and Whole Foods merged. We made a few predictions about what would happen, and today we want to discuss them. For show notes and more information, visit investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/11/201832 minutes, 45 seconds
Episode Artwork

191- From the Vault: Disrupted: America’s Grocery Industry

This week we discuss the Amazon & Whole Foods deal and the strength of having a brand Moat. For show notes and more information visit: www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
12/4/201840 minutes, 50 seconds
Episode Artwork

190- Circle of Competence

In this week’s episode, we’ll discuss the importance of the circle of competence and that you should be careful about investing in anything that you don’t have a great understanding of. We also talk about what you should avoid as an investor. For show notes and more info, visit ruleoneinvesting.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/27/201829 minutes, 4 seconds
Episode Artwork

189- Following the Indexes

In this week’s episode, we discuss a few dirty truths about the financial services industry and why it’s impossible for financial advisors to grow your money as well as you can. We also talk about the fundamentals of Rule #1 Investing and why most financial advisors can’t do it. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/20/201835 minutes, 59 seconds
Episode Artwork

188- "The Why"

This week we discuss, “The Why”. “The Why” is the reason people invest in stocks as the best way to grow their wealth. We discuss investing as the only way a person can buy “compounding machines” that consistently make you money over time and beat inflation. For show notes and more information, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/13/201838 minutes, 22 seconds
Episode Artwork

187- [Live Q&A] From the Rule #1 Investing Workshop

We filmed this special episode for our listeners, live from my Rule #1 Investing workshop recently in Peachtree City, GA! Tune in as we answer questions from workshop attendees and give you our candid perspective on everyone’s most pressing questions! For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
11/6/201855 minutes, 17 seconds
Episode Artwork

186- Owner Earnings Fiat Chrysler (FCAU) – Part 2 of 2

This week we’re wrapping up Owner Earnings for Fiat Chrysler. Is this company on sale? We also talk about why you shouldn’t always trust what the analysts think of a company. For show notes and more info visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/30/201829 minutes, 43 seconds
Episode Artwork

185- Owner Earnings Fiat Chrysler (FCAU) - Part 1 of 2

In this week's episode of InvestED, we talk about owner earnings when valuing a business. We take a look at Sears (SHLD) and how looking at owner earnings could have saved shareholders a lot of money. Then we take a look at Fiat Chrysler (FCAU) and try to understand the company by using owner earnings. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
10/23/201830 minutes, 5 seconds
Episode Artwork

184- Grand Canyon University (LOPE) CapEx

This week on InvestED we discuss how to research and find Capital Expenditures for a company. We talk about Grand Canyon University, talk about how to find a 10-K, and where to look for CapEx. Phil also shares his calls with investor relations departments. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
10/16/201854 minutes, 45 seconds
Episode Artwork

183- Owner Earnings: Net Change: Accounts Receivable & Accounts Payable

This week we dive deep into the next phase of our owner earnings calculations: Net Change: Accounts Receivable and Net Change: Accounts Payable. We will try to clear the air as to why this calculation is so important and why generally accepted accounting principles are to be guarded against. For show notes and more information visit: www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
10/9/201849 minutes, 47 seconds
Episode Artwork

182- Understanding Owner Earnings Net Income

This week we’ll dig deeper into last week’s topic of Owner Earnings. We will go over the formula we lay out in our book Invested. We will explain what to look for and why some numbers are not what we think by dispelling misconceptions about generally accepted accounting principles. For full show notes visit https://www.ruleoneinvesting.com/podcast/.  Learn more about your ad choices. Visit megaphone.fm/adchoices
10/2/201836 minutes, 53 seconds
Episode Artwork

181- How to Calculate Owner Earnings

This week on InvestED we’ll address the long-awaited topic of owner earnings. Using our book Invested, we will break down how to calculate owner earnings so we can decide what price we should be paying for a company. In proper Invested-fashion, we’ll also be shooting down misconceptions about issues like generally accepted accounting principles. For full show notes visit https://www.ruleoneinvesting.com/podcast/.  Learn more about your ad choices. Visit megaphone.fm/adchoices
9/25/201833 minutes, 19 seconds
Episode Artwork

180- What Nike’s New Campaign Means for Their Stock

This week we’ll take a step back and remind ourselves how and why we practice investing the way that we do in Rule #1 Investing. We’ll take a look at the recent controversial Nike ad and what it means for their bottom line. For full show notes go to https://www.ruleoneinvesting.com/podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/18/201837 minutes, 57 seconds
Episode Artwork

179- Amazon Author’s Fishbowl Interview

This week we are discussing our Amazon Author’s Fishbowl interview, which is now available on our show notes. We’ll talk about what our Amazon trip tells us in the context of the Rule #1 style of investing. This week we’ll take some hypothetical numbers, do some math, and show how Rule #1 investing benefits our investing practice. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
9/11/201851 minutes, 39 seconds
Episode Artwork

178- Inflation Kills

This week, we’ll be discussing the impact inflation has on our investing practice. This week we’re also talking about Buffett’s solutions for “little guy” investors and how we can set ourselves apart from others through our investing education. For show notes and more info, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
9/4/201828 minutes, 56 seconds
Episode Artwork

177- Investing Perspectives of Mohnish Pabrai: Owner Earnings

This week on the InvestED we’re returning to our discussion of the investing perspectives of Mohnish Pabrai, specifically focusing on owner earnings. We’ll talk about what owner earnings can tell us about a business, and we will discuss the pros and cons of utilizing owner earnings when determining if you are buying a wonderful company. For show notes and more information, visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
8/28/201837 minutes, 17 seconds
Episode Artwork

176- Special Guest: L.J. Rittenhouse on Investing Between the Lines

Diving deep into our first InvestEd Book Club title, Investing Between the Lines, Danielle interviews author L.J. Rittenhouse. We explore what brought Rittenhouse to begin analyzing companies based on CEO communications and we’ll talk about what exactly we should be looking for when reading shareholder letters. For more information, visit investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices
8/21/201841 minutes, 39 seconds
Episode Artwork

175- Investing Perspectives of Mohnish Pabrai (Part 4)

This week on InvestED we’ll continue our conversation about Mohnish Pabrai. We focus on Investing Checklists like those of Pabrai, Munger and others, and we will talk about the importance of utilizing them when seeking out wonderful businesses on sale. For show notes and more information, visit investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
8/14/201836 minutes, 44 seconds
Episode Artwork

174- Investing Perspectives of Mohnish Pabrai (Part 3)

This week we’ll continue talking about Mohnish Pabrai’s investing strategies. We’ll discuss how everyone can benefit from the principles that great investors follow. Danielle gives us a few quotes that shed light on the importance of Rule #1-style investing. For show notes and more information please visit www.investedpodcast.com  Learn more about your ad choices. Visit megaphone.fm/adchoices
8/7/201842 minutes, 26 seconds
Episode Artwork

173- Investing Perspectives of Mohnish Pabrai (Part 2)

For show notes and more information please visit www.investedpodcast.com This week we’ll continue discussing the investing perspectives of the greats, specifically Mohnish Pabrai. While Pabrai is certainly a Rule #1 style value investor, we will explore how his style differs from his peers Charlie Munger and Warren Buffett. We’ll talk about international trade and how to ensure that you understand the companies you are buying. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/30/201833 minutes, 19 seconds
Episode Artwork

172- Investing Perspectives of Mohnish Pabrai

For show notes and more information visit www.investedpodcast.com On this week’s episode we talk about different value investors, namely the greats like Charlie Munger and Warren Buffett, and how they’ve given way to other incredible value investors like Mohnish Pabrai. We’ll learn why Munger actually invited Mohnish up on stage at his annual meeting and we’ll talk about how Pabrai’s investing contrasts with his fellow value investors. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/24/201832 minutes, 7 seconds
Episode Artwork

171- Invested Book Club: “Investing Between the Lines”

For show notes and more information visit www.investedpodcast.com In this episode, Danielle gets started on the long-awaited InvestED Book Club! This week Danielle introduces our first book, “Investing Between the Lines” by L.J. Rittenhouse and reinforces the importance of always continuing our learning. BONUS: This week Danielle lets us listen in on an interview she had with the author, L.J. Rittenhouse. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/17/201817 minutes, 47 seconds
Episode Artwork

170- Special Guest: Bobbi Rebell on Investing, Research & Learning

This week Danielle takes the wheel and interviews Certified Financial Planner and best selling author, Bobbi Rebell. Danielle and Bobbi discuss growing up in investing families and talk about how important it is to impart the wisdom of investing to younger generations. Danielle quizzes Bobbi, and the pair talk about the importance of learning and research in the investing world. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/10/201855 minutes, 54 seconds
Episode Artwork

169- Options Review & Listener Questions

For show notes and more information visit www.investedpodcast.com This week on Invested, Danielle guides us through a review and clarification of our options talk from last week. We’ll be talking about how the investing greats use options to protect their profits, and Danielle explains why she’s not worried about the recent Chipotle call. We’ll top it all off with a little input from the listeners. Learn more about your ad choices. Visit megaphone.fm/adchoices
7/3/201829 minutes, 41 seconds
Episode Artwork

168- Options: Put Options, Call Options & The Collar

After much anticipation I finally delve into put and call options and Danielle helps make sense of it along the way. We talk about why options may not be as risky as they seem, why doing your homework is important, and why Danielle got into burritos. As usual, we’ll talk about the greats like Charlie Munger and Warren Buffet, and how we can invest like them. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/26/201845 minutes, 40 seconds
Episode Artwork

167- Options Basics

This week we’re back to burritos. We’ll talk a bit about Options from the viewpoints of the greats and give a bit of an introduction to next week’s discussion of Options. I remind Danielle that you need to walk before you can run, and she reminds me of her investing-based childhood. We’ll also delve into the different types of investing and the different types of investors. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/19/201841 minutes, 47 seconds
Episode Artwork

166- Technical Indicators: Stochastic Indicator

For show notes and more information visit www.investedpodcast.com This week I joyously conclude my discussion of Technical Indicators. Danielle seems to find a way to get me to admit the pros of Technical Indicators, and I will let you in on why those pros aren’t enough for a Value Investor. We’ll be wrapping up with a discussion on the Stochastic indicator, and can’t wait to start new next week. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/12/201819 minutes, 18 seconds
Episode Artwork

165- ETFs, Technical Indicators & MACD

This week we’ll talk Nobel Prize winners, ETFs, and Danielle attempts to direct me toward finishing our discussion on technical indicators. In this episode, we will focus on the technical indicators, the MACD and Stochastic, and tell you a little bit about what type of investors use which indicators. Learn more about your ad choices. Visit megaphone.fm/adchoices
6/5/201829 minutes, 23 seconds
Episode Artwork

164 - Charlie Munger’s 3 Ways to Build a Great Portfolio

For show notes and more information visit www.investedpodcast.com This week Phil shares a few of Charlie Munger’s lesser known secrets on how to build a great investment portfolio. Join us as we dive in on gurus, cannibal companies, and valuable spin-offs that can take your returns to the next level. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/29/201839 minutes, 8 seconds
Episode Artwork

163 - Technical Indicators: The Death Cross & Moving Average

For show notes and more information visit www.investedpodcast.com It may have taken us a few weeks to get there, but Danielle is persistently reminding me to discuss technical indicators. This week tune in as we go over the moving average and what it means, next week we will cover 2 more indicators that may be useful. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/22/201833 minutes, 13 seconds
Episode Artwork

162- Special Guest: Laura Rittenhouse on How to Identify Great Management from Shareholder Letters

For show notes and more information visit www.investedpodcast.com Join us as we have the pleasure of sitting down with author and Queen of Candor, Laura Rittenhouse. We are coming to you live after the Berkshire Hathaway Annual Meeting to talk about how to separate the average management from the great when reading annual shareholder letters. Learn more about your ad choices. Visit megaphone.fm/adchoices
5/8/201854 minutes, 17 seconds
Episode Artwork

161 - Why You Should Be Tuning in to Quarterly Earning Calls

For show notes and more information visit www.investedpodcast.com We are coming to you this week to discuss the wonders of Chipotle and why it is so important to be present during quarterly earnings calls for the companies you own. We are also announcing some exciting meet & greet opportunities coming up this weekend! Learn more about your ad choices. Visit megaphone.fm/adchoices
5/1/201836 minutes, 19 seconds
Episode Artwork

160 - Intrinsic Value: Let’s Talk About Tesla

For show notes and more information visit www.investedpodcast.com We are back and better than ever coming to you to discuss different types of trading, finishing up our discussion on intrinsic value, and a little about what’s happening in the market including Tesla. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/24/201843 minutes, 11 seconds
Episode Artwork

159- When To Exit the Market: Intrinsic Value

For show notes and more information visit www.investedpodcast.com This week we continue our talk about when to sell and when to get out of the market. Today you’ll learn how to ensure that when the stock market corrects, you have enough value to be able to invest and capitalize on the situation. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/17/201849 minutes, 51 seconds
Episode Artwork

158- Stock Market Indicators: Can You Time The Market? (Part 1.5)

For show notes and more information visit www.investedpodcast.com This week we continue our discussion about timing in the marketplace, how Warren Buffett strategizes his long-term and short-term investments, and how to determine intrinsic value when buying and selling. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/10/201837 minutes, 30 seconds
Episode Artwork

157- Stock Market Indicators: Can You Time The Market? (Part 1)

For show notes and more information visit www.investedpodcast.com Normally on the podcast, we talk about how Warren Buffett, Charlie Munger and the best investors in the world invest….except for today. In this episode, we’re going talk about how we can take advantage of the fact that we’re nimble investors and dive into some stock market indicators that let us know when it might be time to get out of the market. Learn more about your ad choices. Visit megaphone.fm/adchoices
4/3/201830 minutes, 42 seconds
Episode Artwork

156- How to Read Key Market Indicators + Live Q&A

For show notes and more information visit www.investedpodcast.com Danielle and I are coming to you live from New York in the HarperCollins studio for the last time today and we are discussing the current market. Tune in as we review the key market indicators both Phil and Danielle use to make their investing decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/28/201846 minutes, 19 seconds
Episode Artwork

155- Our New Book: Invested - Out Now!

For show notes and more information visit www.investedpodcast.com Join us live from the HarperCollins studio in NYC as we celebrate the release of our new book today and share some of the highlights from the day. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/27/201832 minutes, 6 seconds
Episode Artwork

154- Facebook Drop, Blue Apron Evaluation & Our New Book, Invested!

For show notes and more information visit www.investedpodcast.com This week we briefly go over this morning’s Facebook drop in the market, before we dive right into Blue Apron’s evaluation. You won’t want to miss this episode if you want a step by step guide for looking into a company of interest. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/20/201847 minutes, 46 seconds
Episode Artwork

153- All About Stitch Fix & Researching Companies You Love

For show notes and more information visit www.investedpodcast.com Much to Danielle’s surprise, I have been using and enjoying a personal styling service called Stitch Fix. It was time to take a closer look to see if this company can stand the test of time. Tune in as Danielle and I dive into researching companies that you love and how to do it. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/13/201854 minutes, 33 seconds
Episode Artwork

152- Special Guest: Sheri Salata on Radical Self Care & Building Your Story

For show notes and more information visit www.investedpodcast.com This week we have a special guest, Sheri Salata, on the show to discuss radical self-care, finding happiness, and defining your own story. Sheri, Danielle, and Phil delve into integrating consciousness into everyday life to be the best version of yourself. This is the episode you all don’t want to miss. Learn more about your ad choices. Visit megaphone.fm/adchoices
3/6/201853 minutes
Episode Artwork

151- Special Guest: Amanda Steinberg, Founder of DailyWorth

For show notes and more information visit www.investedpodcast.com This week we discuss current money management acquisitions and cutting-edge investing practices with Amanda Steinberg, the founder of DailyWorth. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/27/201849 minutes, 30 seconds
Episode Artwork

150- A Checklist of Expensive Errors [Invested Giveaway Gifts]

For show notes and more information visit www.investedpodcast.com This is the episode you all don’t want to miss - we are announcing our Invested pre-order giveaway and prizes! We will also go over some of the most expensive errors you can make as an investor. Don’t miss this one, folks! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/21/201843 minutes, 2 seconds
Episode Artwork

149- Special Guest: Dawa Tarchin Phillips on Becoming a Mindful Investor

For show notes and more information visit www.investedpodcast.com This week we have something special for you as we welcome Dawa Tarchin Phillips on the show to discuss mindfulness as a tool to become a successful investor. Join us as we dive into the often undiscussed emotional side of investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
2/13/201848 minutes, 42 seconds
Episode Artwork

148- What You Need to Know About Company Board Members and Their Influence

For show notes and more information visit www.investedpodcast.com We are back this week to discuss board members, election timing, and how CEO’s use this to their advantage to influence particular agendas that go on in big business. Tune in and join us for another great episode of InvestED! Learn more about your ad choices. Visit megaphone.fm/adchoices
2/6/201833 minutes, 58 seconds
Episode Artwork

147- Everything You Need to Know About the Future of Our Market

For show notes and more information visit www.investedpodcast.com Danielle and I are coming to you with a wealth of information about where we think the stock market is headed in our future and how the best Rule #1 gurus are preparing. We love to talk about the market and our different choices we can make, but remember that nothing should be considered advice on how you should react. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/30/201841 minutes, 6 seconds
Episode Artwork

146- Everything You Need to Know About Today’s Market, Indexes & Cap Rates

For show notes and more information visit www.investedpodcast.com Danielle and I are back live again this week to discuss the current state of the market, index investing, and how to use capitalization rate to your advantage when valuing real estate. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/23/201839 minutes, 42 seconds
Episode Artwork

145- Phil’s Favorite Gurus: Guy Spier & Prem Watsa

For show notes and more information visit www.investedpodcast.com We are continuing to take a closer look at some of the best Rule #1 Investors out in the market today and where their money is currently. Join us as we talk about the new book, Invested, and how to model your investing methodology off some of the best in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/16/201839 minutes, 46 seconds
Episode Artwork

144- Phil's Favorite Gurus: Mohnish Pabrai

For show notes and more information visit www.investedpodcast.com This week on InvestED podcast, Danielle and I are coming to you live from San Diego, California to continue our discussion on investing gurus and to reveal another guru that Phil Town himself admires and follows. Take a look at Mohnish Pabrai’s portfolio with us. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/9/201841 minutes, 10 seconds
Episode Artwork

143- Phil's Favorite Gurus: Allan Mecham

For show notes and more information visit www.investedpodcast.com This week on InvestED podcast, Danielle and I are coming to you live from San Diego, California to continue our discussion on investing gurus and to reveal one guru that Phil follows. Take a look into Allan Mecham’s portfolio with us. Learn more about your ad choices. Visit megaphone.fm/adchoices
1/5/201843 minutes, 52 seconds
Episode Artwork

142- Special Edition: A Holiday Message from Phil & Danielle

For show notes and more information visit www.investedpodcast.com We often talk a great deal about wealth and making money, but today we want to share why it is so much more than that. During this joyous giving season, we hope you can enjoy sharing your gratitude with others close to you because that is the best part of the holiday season (in our opinion). Today marks our last episode of the year, we wanted to keep it short and sweet but we will be back in the new year better than ever with tons of exciting news to share with you. Until then, it’s time to go play! Learn more about your ad choices. Visit megaphone.fm/adchoices
12/27/20177 minutes, 40 seconds
Episode Artwork

141- A Closer Look at Your Favorite Investing Gurus

For show notes and more information visit www.investedpodcast.com As promised, we are back this week to continue discussing investing gurus in the market that you can model your own investing off of. Join us as we dive in and take a closer look at Phil’s curated list of gurus he has created and why he chose them. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/18/201737 minutes, 25 seconds
Episode Artwork

140- What is Market Neutral Investing?

For show notes and more information visit www.investedpodcast.com We are back this week and jumping right back into looking at how the pros invest their money. You’ll learn what market neutral investing is, along with a few lessons when it comes to hedge funds and the terminology involved. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/12/201728 minutes, 15 seconds
Episode Artwork

139- From the Vault: How to Make Your First Trade

For show notes and more information visit www.investedpodcast.com Going back to basics. Questions like where do you start making trades? What is a stock? In this podcast, Phil and Danielle discuss the tools you’ll use for your first trade and the type of investment brokerage account options for the new and seasoned investor alike. Learn more about your ad choices. Visit megaphone.fm/adchoices
12/5/201748 minutes, 47 seconds
Episode Artwork

138- How to Find and Follow Investing Gurus

For show notes and more information visit www.investedpodcast.com We are back this week to answer some great questions we’ve received about how to find investing gurus that you can learn from. We will show you how to find the information you need easily from these investors which will paint a clearer picture for you when it comes to your own personal investing journey. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/28/201729 minutes, 42 seconds
Episode Artwork

137- How to be Thankful in Life & Investing

For show notes and more information visit www.investedpodcast.com This week we are giving cryptocurrency a break and we are focusing on our gratitude before the upcoming Thanksgiving holidays. We are incredibly grateful for all of our listeners and hope you enjoy thinking about investing from a different perspective this week. Learn more about your ad choices. Visit megaphone.fm/adchoices
11/28/201736 minutes, 57 seconds
Episode Artwork

136- Special Guest: Steve Walsh on How to Better Understand Cryptocurrency & Bitcoin

For show notes and more information visit www.investedpodcast.com We are welcoming cryptocurrency expert, Steve Walsh, on our show today to give us an expert’s view on cryptocurrencies, Blockchain, and ICO’s. We will go over international responses to the new technology, mining Bitcoin, creating your own ICO, and how these transactions work. Learn more about your ad choices. Visit megaphone.fm/adchoices