Hey everybody this is still town and this is

still town and this is daniel town and welcome to the invested

podcast where we talk about how to invest your money the way the best investors in the

world do very specifically Warren Buffett Charlie Munger not just everybody

but the guys the men and women who have figured out how to

invest in what's called value investing which we've talked about quite a lot value

investing which is simply finding wonderful

businesses and buying them on sale, which sometimes I say is like buying $10 bills

for $5.

That's what we're out to do.

Buying $10 for $5.

And what that does is a couple of things

that I think are worth starting the show with.

Number one, it produces long-term returns that are better than any

other investing strategy I've seen in my 35 years of this

excellent point number two it produces those returns, not based on super IQs. It produces

them based on just being rational and not emotional. And right also yeah not having to time things third it allows

it allows us to invest with our values, which means putting your money where your mouth is and

following what you know is the right thing for your

buying company,

even a few shares of a company, we think of it in terms of buying the whole thing.

And it's a fundamental part of being a great investor.

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