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InvestED: The Rule #1 Investing Podcast

17- How to Read a 10-K Report

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 4 August 2015

⏱️ 53 minutes

🧾️ Download transcript

Summary

Phil and Danielle read through a 10-K report step by step so you can see exactly what it takes to understand a business. For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Well, hi everybody, this is Phil Town.

0:05.0

And this is Danielle Town.

0:08.0

We're here to talk about Rule 1 investing.

0:12.0

And what does that actually mean and who's Warren Buffett and

0:17.7

Charlie Munger and why are they doing the things they're doing in the world

0:20.1

and making so much money and how do we do it too?

0:23.0

What's to do when you see something in the checkout line and you're like,

0:27.0

that's a cool product?

0:28.0

Yeah, that's...

0:29.0

Who else is buying this?

0:30.0

And we were talking last time about Whole Foods, you know?

0:33.0

And we got the Whole Foods because you were looking at Justin's Nutbutter.

0:38.0

Yeah, exactly.

0:39.0

Well, I was standing in the checkout line at Whole Foods, trying very hard and succeeding, thank goodness, to resist Justin's

0:46.2

peanut butter cups, which are so good.

0:49.2

Because they have sugar in them.

0:51.4

And because they're made with really good ingredients. That's why. I mean like you

0:55.3

can buy the Reese's. They're the same thing except that they're really not. They both

1:02.1

have sugar though.

1:03.0

So we started exploring how you would make an investment in Justin's if you really like them and found

1:11.3

out they weren't public.

1:12.3

Yeah, if I suspect be the case. them and found out they weren't public.

...

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