Hey everybody this is Phil Towne

this is Phil Towne and this is Danielle Towne welcome to the invested

podcast where we're talking about how to invest properly.

Yeah,

via Warren Buffett, Charlie Munger, and me teaching my daughter Daniel

how to do this. And why should I think I could do that? Why in the world indeed? I mean I've

written a couple of books. 30 years of investing experience. 30 years of

experience. 30? 35. 30 years of experience. 35.

30.

Getting more getting a few years of investing experience.

And you know, it's some decent success investing.

I'm not Warren Buffett, but I can see that I would be a much worse

investor if I didn't know how to do this. And I think that if you look at the success that people have as investors consistently over decades,

you're going to find that people who invest the way Buffett does it, who take the time to

learn it, have a consistently massively high rate of return

compared to everybody else. I would argue double the rate of return

compared to everybody else.

If everybody else is getting eight,

and those of us who are following Buffett

are out there getting 16 or more, which when you look at hedge fund managers who actually do it the way

Buffett does, you see those kinds of returns over long periods of time.

You know, 25, 20. But I think you just said the key thing, which, 20.

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