Hey everybody this is Phil Town and this is Phil Town and this is

Danielle Town and we're here for the invested podcast where we're learning

to invest the way Warren Buffett and Charlie Munger do it and have

been teaching it for about 50 years.

And no, we're not talking about what Warren tells you you should do if you don't know

that much about investing, which is to go invest in indexes no.

Yes he does say that that is not what we're talking about and by the way dad I want to add to that list of people I just

had this feeling that I should add that you teach me investing now too it should

be Warren Buffett Charlie Charlie Munger, and my dad.

Oh, just like our book invested.

Funny, yeah, it's really sweet. Thank you.

It's true. You're in the same category for me.

Oh, very much appreciate that, sweetheart.

I love you very much for that.

And I'm telling you right now, this last,

these however many podcasts we've done

have been so good for me as an investor. I'm telling you man, teaching

you is a process of learning a lot more about investing than I really knew before I started this process.

Because I have to go dig it up.

You're really good at forcing me to dig in and make sure I actually

understand the very thing I'm saying to you.

Which brings us to today's subject.

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