Hey everybody this is Phil Towne

this is Phil Towne and this Danielle town here for the invested podcast I did it right that time

you're doing so good.

Yeah, thank you very much.

We're back after Berkshire, Dad.

Oh, wait, I interrupt, I screwed it up this time.

Okay, tell us what we do on the podcast, please, I'm so sorry. This is a podcast where we are working

through an education based on Warren Buffett and Charlie Munger's teachings about how to do

value investing on your own.

Which I will say as a disclosure

that Warren and Charlie both agree

that if you're not gonna learn this this stuff you shouldn't do investing on your own.

Yeah. Just put your money in an SPY index and call it good. That's why so many people say to us, oh they actually don't

recommend that you invest on your own they actually recommend that you go and

buy an index fund and that's a little bit of a confusion out there

because that's technically true.

Yes, they do recommend that most people,

if they're not going to buy Berkshire Hathaway

or learn how to invest on their own would then just buy an index fund because they don't support people paying such huge fees to financial institutions.

But...

Which is the mutual fund world.

The mutual fund world I would say they would probably think that about hedge funds too.

...