Hey everybody this is Phil Town

this is Phil Town we're here for the invested podcast where we talk about

investing what a genius we talk about investing.

What a genius thing to start with.

What do we talk about investing.

Here, let me do it for once.

Okay, go.

Here on the Invested Podcast, we talk about Warren Buffett and Charlie Munger style value investing

which is a strategy that is about finding wonderful companies at great prices that are on sale and then buying those companies

when they're on sale keeping them probably forever and only selling if the reason to buy it has changed.

Very good. And the reason that we do that is because professional investors almost all cannot do this

kind of investing.

They almost all cannot do this kind of investing.

Almost none of the professional investors can do this kind of investing.

Which is always the question, right?

The people go, well, if Warren Buffett is so smart, why don't you? which is always the question right the people well why have if

Warren Buffett is so smart why doesn't all the fun why don't the fund managers

all do that and the reason is is because they can't do it that you have to have total

control of your capital in order to stay patient and wait for really

good deals to come along. Oh, it's the waiting part. It's the waiting part they can't do. They're

forced by the people who invest with them to constantly be trying to make better returns

than the market and are graded on a quarterly basis.

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