Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town and

we're here for the invested podcast welcome back from the 4th of July.

So we're running...

That's right.

Dad, you didn't give any spiel on what the invested podcast is about.

I really should because who knows who's jumping into this first right?

I just really enjoy your little like impromptu spiel every time. I kind of miss it.

Especially in front of this one.

We're talking about how to invest the way Warren Buffett

and Charlie Munger and I do it.

And we've talked to investors like Guy Spear and Maneshbibri and a whole group of people that are following,

Munger and Buffett into what we call Rule 1 investing.

And today we're going to talk about the Amazon purchase of Whole Foods and what that means in terms of how to value the business.

And since they bought it for a set price, and a little bit about the emotions you go through when your favorite wonderful business

that you're going to own the rest of your life suddenly gets snatched right out of your hands.

That's right, which is what happened to me. That's right. Yeah, so we talk about... Well, also what happened to you is that, you know, the upside of

getting a thing snatched out of your hands is often that you just made a bunch of money and I don't know how long you've owned Whole Foods, but it's I think less than a year

And I think you just made about 50% on it

I'd have to think how long. I'm not exactly sure the answer to how long, but, um, yeah, somewhere around a year probably.

Yeah. And, um and and I think I made 42% well I figured it out but then I in the

grand tradition of me I immediately forgot what I made.

Do you remember what you bought it for?

...