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InvestED: The Rule #1 Investing Podcast

18- Understanding the Business With a 10-K

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.61.6K Ratings

🗓️ 11 August 2015

⏱️ 46 minutes

🧾️ Download transcript

Summary

Phil and Danielle discuss locating the moat of a company in a 10-K report and recap the 5 different kinds of competitive advantages. 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

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

...

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