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

and welcome to the invested podcast where we're talking about the critical things you need to learn in order to go out after high returns in the stock market with relatively low risk something that by by the way the modern portfolio theory says

is impossible and that the Securities Exchange

Commission frowns on any advisors suggesting that they could do such a thing for their clients.

So we are in uncharted territory.

We're out there without a parachute.

We're hanging out without a life raft, swimming in shark invested waters.

Sounds fabulous, Dad.

Trying to describe to you

want to describe to you how the best investors in the world keep getting these incredible results

and you want me to summarize it up real quick for you Daniel

I do please all right it starts with this, sports fans. We begin with this very simple idea.

Will this business be worth more in 10 years? And if so, then I can think about buying it. That's pretty simple. That's pretty

simple. It allows for a lot of things to happen over those 10 years, ups and downs,

backs and forth, changes in management, changes in what's happening in the company.

I love it. And so the question is, can you look forward those 10 years and

get a good sense of where you think this company is going? So it's a giant fortune telling

game. Is that what you're saying?

Well no fortune telling is like

it's horrible concept no

no

shark infested waters is better well we Shark infested waters is the regulators who are out there telling you that you know

...