18- Understanding the Business With a 10-K
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 11 August 2015
⏱️ 46 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Okay, hi everybody this is Phil Town. This is Danielle Town. We're here to talk |
| 0:09.3 | about Rule 1 style investing which is brought to us by Warren Buffett and Charlie |
| 0:13.9 | Munger and guys like David Einhorn and Eddie Lampert and other brilliant |
| 0:19.2 | investors from the last 80 years or so and we're here to... |
| 0:23.2 | How to get comfortable with that kind of investing and how to do it on your own. |
| 0:28.5 | Yeah and we're basically out to see if we can't get excited about, you know, voting our own money |
| 0:36.3 | instead of letting our money be voted by people who don't share our own |
| 0:39.9 | our values, maybe it's worth learning how to do this so that we can put investments |
| 0:45.2 | into companies that we really want to see in the world down the road 20 years. |
| 0:50.2 | And maybe your mutual fund manager doesn't share that same vision with you about what you think is good in the world. |
| 0:56.0 | So, but in that context by the way, I just want to say we're not pitching any specific value set, although I'm sure you're going to hear our values on the show. |
| 1:06.4 | But you can have your own values. |
| 1:08.3 | Warren Buffett, for example, loves to buy things like Coca-Cola, Pepsi, |
| 1:14.0 | Dairy Queen, McDonald's, |
| 1:16.0 | Burger King is a recent investment. |
| 1:18.4 | Oh, Dad, did you see that Pepsi |
| 1:21.0 | is taking out Aspertain from Diet Pepsi. |
| 1:24.0 | Yeah. |
| 1:25.2 | Interesting. |
| 1:26.3 | Pretty interesting, yeah. |
| 1:27.6 | I was so good and I read the Wall Street Journal. |
| 1:31.0 | I was so proud of myself. It's wonderful. I love it. By the way on this |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Phil Town & Danielle Town, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Phil Town & Danielle Town and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.
