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InvestED: The Rule #1 Investing Podcast

133- Blockchain Technology, Cryptocurrency & Bitcoin (Part 1 of 2)

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 24 October 2017

⏱️ 21 minutes

🧾️ Download transcript

Summary

For show notes and more information visit www.investedpodcast.com Everyone is talking about it, and after our Live Event in Vancouver recently, we felt like we wanted to dive in and discuss more about the world of cryptocurrency. Over the course of the next few weeks we will be looking at various aspects of this new form of “investing”, this week we are kicking it off with Blockchain. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi everybody this is Phil Town this is Phil Town

0:08.0

this is Danielle Town. We're here for the invested podcast where we're talking

0:11.4

about investing Warren Buffett style

0:14.4

Charlie Munger style what we call Rule 1 style I feel like I need to define it

0:22.0

better every time we do a podcast and we've done over what 200 of them and I've defined it differently every single time

0:27.9

Slightly yeah, but I really enjoy all of your different definitions

0:36.9

My favorite one all of your different definitions. Usually it's something like Warren Buffett says it's the best so it is. Here's the hardest one is we're gonna buy

0:41.7

ten dollar bills for five dollars It's like yeah that sounds really hard.

0:46.0

Well it doesn't sound hard it just sounds like what where how do you do that?

0:51.0

Yeah it sounds like what?

0:53.4

And then here's the easiest one.

0:55.3

I love this one.

0:56.9

We're gonna buy something now because we know it'll be worth more

1:00.4

in 10 years.

1:02.4

Yeah, that's my favorite because again if we all knew that none of us would

1:07.8

have any problems in our lives with money. I know and it's such a low bar all it has to do is be worth more like a

1:14.8

dollar more in 10 years and we have succeeded in avoiding violation of

1:21.0

rule number one which is don't lose money and I know money's value

1:25.4

over time is declining but let's just stay to the literal interpretation.

1:30.0

Keep it simple. Speaking of not simple.

1:35.0

What's that?

1:37.0

Bit coin is something that I cracked me.

...

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