Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town

and we're here with the invested podcast where we're really diving and

deep into Warren Buffett style investing which is value

investing very focused how to buy wonderful companies as businesses and

hold them forever that That would be ideal. How to buy wonderful companies as

businesses and hold them forever ideally. Yeah. I like that. Yeah.

Let me add one more thing. Please. How to buy compounding machines, how to buy companies that take our money and compound it at extremely high rates of return.

I mean, just think, Daniel, comparing the ability of Apple Computer to compound money,

they take the equity that would be my money in the company and they make 30% a year on it.

30% they're compounding it at 30% a year.

Compare that to putting your money in a savings account.

Yeah, I mean they have been, but whether or not they're going to, I mean it's the constant

refrain of anyone involved with investing money is that past performance is no indication of the future.

What is it? Past performance is no indication of future results?

Yes. That one.

There's no guarantee of future results, I believe, is the way they say it.

Because past performance is absolutely an indication of future results.

Absolutely.

I said it totally wrong.

You're right, it's totally an indication. But it's not a guarantee.

And so, yeah, the fact that they've been

compounding money like crazy is a great indicator.

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