Hey everybody this is Phil Towne.

This is Phil Towne.

Welcome to the Invested Podcast where we talk about Warren Buffett Charlie Munger

value investing buying $10 bills for $5.

What are the most critical things you have to know as an investor?

And thank goodness there's only a few of them and why a little investor contrary to all of everything

the entire financial advisory services and the whole financial services system is telling you why we think the little

investor can actually have very high returns with very low risk, less risk than

you're taking right now, particularly today, in your 401k and your IRA.

So if you just got a little nervous there,

I would say it's time to get very afraid.

Yes.

Because we're not on TV, we don't have to deal with the lawyers

who are saying oh you're starting a stampede we're not starting a stampede no no

out of the market we would never stampede anywhere because we are thoughtful, methodical, long-term.

Unemotional.

No, we're emotional.

Yeah, we'll speak for myself.

I'm emotional.

Very, very deeply unemotional logical rational Charlie Munger investors I think even Charlie has emotions can't find them

So podcast listeners we are live on Facebook today and we're going to be taking

some questions from people on Facebook as well and we have the wonderful and

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