1197: The Fundamentals of Investing From Warren Buffett's 2013 Letter by Phil Town of Rule One Investing on Value Stocks

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Self-improvement, Education, Business, Investing

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🗓️ 19 June 2020

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Phil Town of Rule One Investing shares the fundamentals of investing from Warren Buffett's 2013 letter. Episode 1197: The Fundamentals of Investing From Warren Buffett's 2013 Letter by Phil Town of Rule One Investing on Value Stocks Phil Town's portfolio has been ranked No. 1 by the American Association for Individual Investors when it produced a 50% rate of return. He has a passion for investing that is hard to beat and he wants to share it with you. Phil has written three New York Times #1 Best-Selling Investment Books, Rule #1, Payback Time, and Invested, and he's been invited to speak on TV shows on CNBC, FOX, and MSNBC. The original posts are located here: https://www.ruleoneinvesting.com/blog/how-to-invest/warren-buffetts-2013-letter/ Visit Me Online at OLDPodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:07.0	The all-in-one commerce platform that allows you to start, run and grow your business.
0:12.0	Shopify is revolutionizing millions of businesses
0:16.1	worldwide so sign up for a one-pound per month trial period at shopify.co. UK slash Podcast 23 or lowercase and take your business to the next level today.
0:29.9	This is optimal finance, episode 1197.
0:33.7	The Fundamentals of Investing from Warren Buffett's 2013 letter by Phil Town of Rule 1 Investing.
0:40.8	com.
0:41.8	And I'm your host and narrator of the show. My name is Dan and I am here every single
0:46.2	day reading to you from some of the best personal finance blogs on the planet. And for this Friday,
0:51.1	I'm going to keep things nice and short for you on the intro side, so let's get right to our post and start optimizing your life.
0:58.0	The Fundamentals of Investing from Warren Buffett's 2013 letter by Phil Town of Rule 1 Investing.com
1:10.0	In the 2013 Berkshire Hathaway Chairman's letter to shareholders, Warren Buffett writes about
1:16.2	quote certain fundamentals of investing, end quote. These fundamentals form the nucleus of the
1:21.9	Rule 1 investing philosophy.
1:24.0	Because of this, I've included selections from his letter regarding these key points,
1:28.4	along with my own comments. I hope my thoughts help to amplify the point he's making.
1:33.2	If you follow what we're saying here, you can be a very successful investor.
1:37.4	You don't have to be an expert.
1:40.0	Quote, you don't need to be an expert in order to achieve satisfactory investment returns, but if you aren't, you must recognize your own limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
1:55.3	When promised quick profits, respond with a quick no."
1:59.3	End quote.
	...

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