145- Phil’s Favorite Gurus: Guy Spier & Prem Watsa
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 16 January 2018
⏱️ 40 minutes
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Summary
Transcript
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| 0:00.0 | Hey everybody this is |
| 0:06.2 | this is Phil Town and this is Danielle Town and we're here doing Facebook |
| 0:09.8 | live with our podcast Invested where we're talking about how to invest like |
| 0:13.6 | Warren Buffett Charlie Munger great investors who've been in a family of |
| 0:17.9 | investing we call rule one investing or value investing since night since |
| 0:22.4 | 1930 that's true about or value investing since since 1930. |
| 0:24.0 | That's true. |
| 0:25.0 | 85 years, 80, almost 90 years now |
| 0:28.0 | of investing success. |
| 0:30.0 | This is where the largest rates of return come from |
| 0:32.0 | over historical long-term returns and how |
| 0:35.5 | you do it is pretty pretty simple. |
| 0:38.7 | It's so simple. |
| 0:40.0 | It's not easy. There's just so much depth behind simplicity. It's really a beautiful comment much |
| 0:50.8 | like modern architecture. Well much like like riding a bicycle, I think, is a lot more accurate than modern architecture. |
| 0:57.0 | That sounds scarily difficult. |
| 0:59.0 | Riding a bicycle is pretty simple, but it's not easy. |
| 1:05.0 | All right, I'll take that one. |
| 1:07.0 | There you go. |
| 1:08.0 | But we all learn how to do it. |
| 1:09.0 | I mean, speaking English is not easy, right? |
| 1:12.0 | I mean, I don't even know if it's simple, but we all learn how to do it. |
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