InvestED: The Rule #1 Investing Podcast

At the end of the 1970s and the early 1980s, a decade of financial instability and high inflation rates led Warren Buffett to ponder the correct path forward for Berkshire Hathaway in his letters to shareholders. His solutions in those years could hold some valuable information for investors as we find ourselves once again in turbulent times.

While the financial, societal, and cultural contexts have drastically changed over the course of three and a half decades, the underlying business principles and inherent behavioral characteristics can offer insights into how wise investors can find success during times of uncertainty in the modern world.

This Vault episode offers us a glimpse into both the recent and not-so-recent past as Danielle considers how a post-pandemic world can benefit from Buffett’s wisdom following one of the most volatile decades of the 20th century. 

For help with protecting your investments in unstable markets, get your free copy of the Rule #1 Inflation-Ready Checklist: https://bit.ly/3yyrDdS

Topics Discussed:

• Berkshire Hathaway shareholder letters
• Inflation in the 70s/80s
• Indexing investments to inflation
• Investing into companies with little debt
• Prioritizing gains in purchasing power over earnings
• Post-housing bubble concerns related to 30 years prior
• Anti-fragility

Resources Discussed:

• DanielleTown.com
• Buffett’s 1979 letter
• Buffett’s 1980 letter
• Buffett’s 1981 letter
• Buffett’s 1983 letter
• Buffett’s 2010 letter

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Investing in companies that interest you can be more engaging and rewarding on a personal level, but it may not always align with long-term financial success. A core aspect of value investing lies in identifying companies that are undervalued but have strong potential for future growth, even if their business is less fascinating.

Additionally, aligning investments with personal values and the way you see the world ensures that your portfolio reflects your beliefs and principles. With a limited lifetime portfolio, it’s crucial to balance passion-driven investments with those that have a solid track record of stability and growth. It makes sense that many people are drawn to flashy consumer-facing businesses, but those aren’t necessarily the best move for every investor.

In this continuation of the utility of expert networks, Phil and Danielle discuss how and why value investors might place restrictions on their research process in order to find the best companies to buy, even if it doesn’t fully match their personal passions.

If you’re searching for the next business to add to your portfolio, click here for an assortment of Rule #1 investment calculators that can help you identify key metrics in your research process: https://bit.ly/3A57OeC

Topics Discussed:

• Expert help
• “Buying companies” vs buying stocks
• Buffett’s punch card
• 10-K reports

Resources Discussed:

• SBA SCORE network

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When you're trying to learn about an unfamiliar industry as part of your investing process, expert networks can be an incredibly helpful tool for getting started. These networks offer the opportunity to connect with people who have deep knowledge and experience in the industry, providing valuable insights into market trends and key players.

However, you're not guaranteed to get completely reliable or unbiased information, so it's important to stay prudent and do your own research to make well-informed investment decisions. The knowledge and advice coming from the person you speak to can depend on the caliber of vetting taking place or the hourly rate you’ll be asked to pay, so the value of these networks will change depending on the specifics of your own investing goals.

Listen in as Phil and Danielle discuss the merits and drawbacks of these networks, who they might be best suited to help, and where they’ll be taking this conversation in the weeks to come.

To get some expert help directly from Rule #1, make sure to grab your free copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3ros8mU

Topics Discussed:

• Micro-cap companies
• Expert networks
• Manipulating financial statements

Resources Discussed:

• SBA SCORE network
• TEGUS
• Knowledge Ridge
• Damodaran on Valuation
• Understanding Financial Statements
• Financial Intelligence

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Do you ever find yourself in the process of research and realize that you’re only looking for information that supports your hunches? That’s confirmation bias, and it’s a trap that value investors must learn to dodge as they investigate the next business to buy into.

With billions of dollars on the line at times, there’s no limit to what some people will do to see their companies achieve success, regardless of the ethics involved. Therefore, one of the best tools we can have in our toolbox is knowing how to spot red flags and steer clear of the deception and fraud that can fool even the savviest investor.

In this week’s episode, Phil and Danielle tell us how “being a reporter for your own newspaper” is not only among the more interesting aspects of investing, but why it can safeguard your portfolio and avoid costly missteps.

To know exactly where to start when researching companies to invest in, don’t miss out on your free copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje

Topics Discussed:

• Oliver White
• Confirmation bias
• Terrence Howard’s questionable math
• Peer review
• Scuttlebutt investing
• Theranos

Resources Discussed:

• Bad Blood: Secrets and Lies in a Silicon Valley Startup

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To be a well-informed investor, it's crucial to read widely across various topics. This broad knowledge base enhances your ability to make strategic investment decisions by understanding industry dynamics, economic trends, and global events.

Investing involves betting on the future of the country where you place your money, making a comprehensive worldview essential for success. While some may dismiss those without formal education in a specific field, unconventional thinking can offer unique and valuable insights in the investment world.

On this week’s episode, Phil and Danielle take a look at the frontier economics of Daniel Boone, and how going outside the bounds of investing and finance can be a huge advantage for value investors.

To learn how to better plan, save, and invest at any age, click here for a free copy of Rule #1’s guide Map Out Your Investing Journey: https://bit.ly/3DTy4qN

Topics Discussed:

• July 4th
• The importance of reading broadly
• Daniel Boone/Westward expansion
• Buffett on betting against America
• Confirmation bias

Resources Discussed:

• Last of the Mohicans
• Irrational Exuberance
• JRE with Terrence Howard and Eric Weinstein

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Despite all the mystique around investing, it essentially boils down to understanding the business you’re investing in and viewing it as owning a part of a real company, not just buying a stock. This tends to hold true no matter the company, the industry, or the state of the market as a whole.

Few investors have understood this as well as Warren Buffett and his team at Berkshire Hathaway. With Munger having recently passed and Buffett offering insights into his twilight years as the world’s premier value investing superstar, what does the future hold for BH with the potential for a huge shakeup in leadership?

This week finds our hosts back in the “studio” to discuss the question of succession planning at Berkshire Hathaway, and what that means for the value investor and the market at large.

For more knowledge from some of the most successful minds in value investing, click here for your free copy of The Best Investors in the World: https://bit.ly/3DhbmIS

Topics Discussed:

• Instagram
• Dataroma/Gurufocus
• Li Lu and Timberland
• Institutional imperative at Berkshire

Resources Discussed:

• The Intelligent Investor

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Summer is here, and the season of barbecues, block parties, and swimming pools may actually have more to offer for your investing practice than just a nice break from sitting in front of the computer.

In this week’s truncated “tidbit episode,” Danielle reminds us that every conversation can be an opportunity to dig a bit deeper into an unfamiliar subject, and that a good value investor keeps their eyes, ears, and mind open to the wealth of knowledge and perspective that comes from the people in their life.

To get a handle on your own investing practice for all 4 seasons, don’t miss out on your free copy of Phil Town’s 12-Month Financial Success Planner: https://bit.ly/45AP6Xh

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The market is a thrilling arena for investors in the internet age. Due to the previously unimaginable connectivity afforded to the public by the internet and social media, we’ve seen coordinated efforts by online investors who’ve used message boards to engineer short squeezes against hedge funds, like with the highly-publicized story surrounding GameStop.

A short squeeze occurs when investors betting on a stock's decline are forced to buy shares to cover their positions, driving the price up further. This phenomenon was vividly demonstrated with GameStop, causing substantial losses for hedge funds and prompting a regulatory response.

In this week’s throwback episode, we check back on the early days of the ongoing GameStop/Reddit saga to see where it all began.

To discover your investing weaknesses and learn how to manage your money smarter, click here to take the Rule #1 Investing Personalities Quiz:  https://bit.ly/468F8eW

Topics Discussed:

• Reddit
• GameStop
• Robinhood
• Shorting stocks
• SEC regulation

Resources Discussed:

• Chamath Palihapitiya interview

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The world’s best investing minds have made fortunes that most people can barely dream of in their lifetimes, but having a successful portfolio doesn’t require the highest IQ, an office full of analysts, or access to top secret information.

Understanding your own strengths and being able to identify the fields that are of interest to you are crucial components of a fruitful investing practice, and maintaining a limited scope in your research and analysis can help you maintain focus and avoid wasting energy on superfluous data.

This week, Phil and Danielle take a look (and listen) to the latest Berkshire Hathaway shareholder meeting and discuss some key takeaways from one of value investing’s most important financial summits.

If you’d like to evaluate your investing knowledge, discover areas for improvement, and enhance your investment strategies, click here for the Rule #1 Investing IQ Quiz: https://bit.ly/3Faf7ks

Topics Discussed:

• 2024 Berkshire Hathaway Shareholder Meeting
• Market indices
• The importance of mentorship
• Investing in your interests
• Circle of competence

Resources Discussed:

• The Intelligent Investor
• Moody’s Transportation Manual
• Value Line

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InvestED Episode #467: More Ulta Issues

As investors the world over grapple with the rapidly changing financial landscape, where ETFs, meme stocks, and cryptocurrencies are all carving out their own space in a well-established ecosystem, how do value investors gauge the future of a business?

While some might see these changes as a massive disruption to the market at large, there are others who, from a Buffett perspective, see the same cycle of boom/bust/reset playing out as it’s done so many times in the past.

This week, Phil and Danielle continue from their jumping off point of the cosmetics industry to tell us why the difference between growth and value stocks isn’t nearly as significant as establishing the value of the business in order to plan for the future.

For some great tips on what to do (and what not to do) when building your value investing portfolio, click here for your free copy of 10 Do’s and Don’ts of Successful Investing:  https://bit.ly/3XyEDbD

Topics Discussed:

• P/E ratio
• Wall Street vs value investing future outlook
• Growth stocks
• Intrinsic value
• ETFs

Resources Discussed:

• The Weather Matrix

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The digital age, with all of its monopolies and consolidation across various markets, has also seen a rise in innovation and small companies seeing success by having unprecedented access to consumers through new channels of commerce and communication.

With market stability and consumer confidence taking hits in recent years, small luxuries like makeup continue to do well despite the struggles of luxury brands in general.  With the success of some niche brands in this highly competitive and specialized sector of cosmetics, what does the weather look like for some of the more established players in the makeup industry?

This week, Phil and Danielle wrap up their discussion about the beauty industry and the way that boutique brands might affect the bottom line for the big names in cosmetic products.

If you want a huge clue as to whether or not you’re looking into a business that will deliver predictably strong returns, don’t miss out on your free copy of The Big 5 Numbers Guide:  https://bit.ly/3psMESQ

Topics Discussed:

• ETFs
• Augustinus Bader
• Victoria Beckham Beauty
• Ulta
• Sephora
• Kering
• LVMH
• D2C vs retail
• Cosmetic science

Resources Discussed:

• Lisa Eldridge

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How important is investing to the economy at large? While companies don’t see a direct increase on their bottom line from the secondary market, it can be very important in helping to determine the value of a business and the drive interest in the primary market.

For value investors, having a strong understanding of a business’s weather, i.e. their moat, competitive advantage, and other factors that determine their long-term success, is paramount to generating returns on a multi-year timeline. From the Rule #1 perspective, that’s the key difference between investing and simply gambling on the market.

After a few weeks’ break on the subject, Phil and Danielle return with part 1 of an extra long 2-part episode breaking down the weather of the makeup industry giant Ulta, and share some of their insights into their own weather analysis of their history with this business. 

For help identifying the durable advantage of a company you’re looking to invest in, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J

Topics Discussed:

• Primary market vs Secondary market
• CFO CEOs
• Ulta
• Augustinus Bader
• Victoria Beckham Beauty

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A crystal ball would be the ultimate tool for any investor, but given that we’re not living in a fantasy world, how do top investors prepare for an uncertain future?

With the inevitability of market downturns, finding a balance between generating returns and being ready to strike when the iron is hot can be a tricky position to navigate.  Discovering that equilibrium, along with the patience to hold on through the ups and downs once you’ve bought into a great company, can be what makes or breaks a portfolio in the long run.

On this week’s episode, the deep analysis of the 2023 Berkshire Hathaway shareholder letter continues as Phil and Danielle wring every ounce of wisdom from Buffett’s annual communiqué..

For help with future-proofing your portfolio, click here for a free copy of The Ultimate Stock Market Crash Survival Guide:  https://bit.ly/3xNXFlf

Topics Discussed:

• Munger’s influence on Buffett’s philosophy
• Investing in the information age
• Mutual funds vs ETFs
• Modern market volatility
• Forgoing returns to prepare for downturns

Resources Discussed:

• Berkshire Hathaway shareholder letter
• Wilshire GDP ratio

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Here’s a scenario: you’ve identified a potential investment, you’ve gone through the checklist and done your research, and you decide that you’ve found a deal that other people seem to be overlooking.  You pull the trigger to buy into this company, and then the stock price begins to decline and you begin to wonder if you’ve made a mistake.

Knowing the difference between having confidence in your investing process and being arrogant or blindly confident in a position can allow investors to act on proven strategy as opposed to being driven by fear and emotion.  Having a long-term outlook and a diligent methodology is the way for capable value investors to find the deals and realize the returns that many others in the market get wrong.

This week, Phil and Danielle tackle another constant issue for investors as they dig into when, how, and why you should (or shouldn’t) stick with a purchase that doesn’t seem to be panning out the way you’d suspected.

For help finding businesses that you feel confident investing in, click here for the “3 Circles” Exercise Guide:  https://bit.ly/3LOexg2

Topics Discussed:

• Patience and discipline in value investing
• The dangers of hubris and confirmation bias
• Informed assumptions vs speculation

Resources Discussed:

• Berkshire Hathaway shareholder letter (2013)

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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

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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

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“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

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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!

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"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

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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

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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)

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 questions@investedpodcast.com

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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 questions@investedpodcast.com
• Euronext Dublin

Resources Discussed:

• The End of the World Is Just the Beginning
• Investment Biker: Around the World with Jim Rogers

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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

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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

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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

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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

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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

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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

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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

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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)

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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“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

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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

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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

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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

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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

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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

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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

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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!

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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

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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 

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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

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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

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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

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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

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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

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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

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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. 

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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

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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

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“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 

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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.

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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 

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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 

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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 questions@investedpodcast.com. 

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

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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

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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

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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

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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

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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

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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

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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 

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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

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

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

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

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

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: