Hey everybody this is still town and this is still town and this is

Danielle town welcome to the invested podcast where we're trying to figure out

exactly how to get you all investing like

Warren Buffett and Charlie Munger and me and I'm teaching Danielle my daughter and

we've been doing this long enough where I sort of think like it might be time to dive

into a real real amazing world example deeper than we've ever done before.

Yes so we are breaking into our regularly scheduled programming,

as we are want to do from time to time, Dad,

because I know we promised to move on to management, but today we're recording this on Monday, August 28th and today the Amazon Whole Foods deal closed.

So Amazon now owns Whole Foods. It closed an Amazon Jeff

Bizos immediately threw a bomb into the grocery store world. Very, very interesting.

So the whole thing closed today.

And we gotta talk about it because we've been following this deal,

obviously personally, because I owned Whole Foods.

And then we've been following the deal process itself and so we've got to just talk

about it today because it's so exciting and there's all this news around it.

And it really brings up some very, very good examples of why Moat is so important, why we are looking

for those companies which have, as Charlie says, an intrinsic characteristic that protects them from competition and it's a durable

intrinsic characteristic and you got to look at these these possibilities for companies and say, okay, these guys, you know, they obviously

know who they are, I know who they are, so they're a brand, you know, but is that enough?

Is a brand moat enough to give you a durable characteristic that will keep you in business for a long, long time?

Because here's the thing...

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