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InvestED: The Rule #1 Investing Podcast

120- The Investing Strategy that Never Goes Out of Style

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 25 July 2017

⏱️ 31 minutes

🧾️ Download transcript

Summary

For show notes and more information visit www.investedpodcast.com This week Danielle and I discuss Buffett and Munger’s investing style and why it works so well for them, that they can’t stop following their own strategy. We also touch on our latest discussion topics coming from the Whole Foods & Amazon deal, along with taking a look inside Zappos. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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

0:08.8

welcome to the Invested Podcast where we are teaching and learning at the same time.

0:15.0

This is our new intro.

0:20.0

Yeah.

0:21.0

Well, I'm learning a lot actually.

0:22.6

You know, you know, you, of course I should mention what we're,

0:26.6

what we're doing here.

0:28.0

We're studying.

0:29.3

What are we doing here?

0:31.2

We're, we are studying Warren Buffett and Charlie Munger. Trying to channel these guys. This is something I've been doing for 30 years that Danielle has been learning from me. And we... and we are I don't know about 120 podcast into this learning process.

0:50.9

It sounds like we're like those people who contact the dead trying to channel Warren Buffett and Charlie Munger.

0:58.0

And they're not dead. They're not dead. We were just visiting Charlie last February.

1:04.4

Daniel and I went to his annual meeting and Charlie was making a joke about

1:10.2

the age of his board of directors. He said they just added a new board of director

1:15.0

member quite young and that reduced the average age of the board of directors to 89.

1:20.0

He cracked me up. He's in very good humor about his age.

1:25.0

I think they both are.

1:29.3

I think when you've had a really good life, it must get to the point where you're just like things are good you know like

1:37.3

if I kick the bucket tomorrow it's okay if I keep on for another 20 years, that'd be great.

1:43.6

Like things are good.

1:44.9

It's so interesting where both these guys are at right now

1:47.3

for investing as well, because they're both really up there

...

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