4.6 • 1.6K Ratings
🗓️ 16 October 2018
⏱️ 54 minutes
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0:00.0 | Whether it's an under the radar genre or a proper out there podcast |
0:05.0 | sometimes it's better when you get weird especially when it comes to switching up your soft drink |
0:10.0 | introducing new Dr Pepper Zero, |
0:12.5 | with the same blend of 23 unique flavors, |
0:15.3 | it tastes just as weird as regular Dr Pepper, |
0:18.8 | but with zero sugar and zero calories. |
0:21.6 | It's a taste you can't quite put your finger on. |
0:24.0 | Weird. But in a surprisingly good way, try more weird with Dr Pepper Zero. Hey everybody this is Phil Town and this is Daniel Town. |
0:37.0 | And this is Daniel Town. |
0:38.0 | Welcome to the Investive Podcast where we are learning to invest like Warren Buffett. |
0:44.3 | That's a long pause. |
0:46.7 | Like Warren Bubbin and Jellymonger. |
0:48.5 | That's what's happening. |
0:49.7 | I'm teaching my kid, Danielle, who is an attorney, and we've been at this for a while, and if you're at this point in our podcast and only just starting, probably you should go back to number one and go from the beginning and just listen to all of them because we're just |
1:04.4 | continuing flow of information about how we do this kind of investing that a lot of |
1:10.5 | people call value investing we call it rule number one investing. |
1:14.0 | And what it boils down to the reason there's a little bit of difference in that way you call it |
1:18.0 | is that we're the kind of investors that buy maybe 10 companies and our first five companies our best |
1:26.9 | ideas our very best idea gets the most money and it might have 20% of our portfolio and the next idea might have 12% and the next idea might have 10%. |
1:38.6 | But almost all people who invest like we do will have 60 or 70 percent of their capital in their first top five |
1:45.1 | ideas and that means people like Warren Buffett Charlie Munger gosh I mean there's |
1:50.9 | just a huge pile of Manasabra, Guy Spear, Bill Ackman, David Eihorne, |
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