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InvestED: The Rule #1 Investing Podcast

189- Following the Indexes

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 20 November 2018

⏱️ 35 minutes

🧾️ Download transcript

Summary

In this week’s episode, we discuss a few dirty truths about the financial services industry and why it’s impossible for financial advisors to grow your money as well as you can. We also talk about the fundamentals of Rule #1 Investing and why most financial advisors can’t do it. 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

The Samsung Galaxy Buds FE are the perfect partner for your smartphone.

0:06.0

Stay immersed thanks to active noise cancellation with AI technology that filters out

0:11.0

unwanted background noise.

0:12.8

Listen to your audio in comfort hour after hour

0:15.8

with the new wing-tip design and easy touch controls

0:19.1

that make changing settings a breeze.

0:21.5

That's a lot to love for just 99 pounds rarp. The new Galaxy Bud Zefi

0:27.2

buy now at Samsung.com. Hey everybody this is still town

0:36.4

this is still town and welcome to the invested podcast where we're going to figure

0:40.8

out all the incredible ways we're going to be able to have an amazing

0:45.3

retirement by following the best investors in the world, Charlie Munger, Warren Buffett,

0:52.4

and others who are amazing at finding wonderful businesses

0:56.4

on sale that are compounding machines that keep the rate of return above inflation because they have durable competitive protection against competition

1:09.9

by some quality that's intrinsic to the company.

1:13.2

That's what we're doing right there.

1:15.3

And because we buy it at a great price, right?

1:18.0

And because we buy it at a great price.

1:19.9

So we find these things.

1:27.9

It's a real simple process, not easy, but simple. Simple and you know what you're doing.

1:30.1

It's simple.

1:31.4

You find a wonderful business and the keyword is business. It's not a stock.

1:37.9

There's no difference in buying a company that's got publicly exchanged stock or a private business or a franchise or a house

...

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