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Te's and sees apply. Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town

welcome to the Invested Podcast where we are learning to invest like Warren Buffett, Charlie Munger, and other

fantastic people who are making a lot of money as investors and doing it in a way that actually is easier to do if you are an amateur

investor than it is to do if you're a professional with a Harvard degree.

I'm going to say that.

And this is Danielle, my daughter, by the way.

But that is not. The year's just saying that because a professional

invests a lot more money than a private investor. a professional has been trained improperly,

almost 100% of the time.

And because a professional has been trained improperly,

almost 100% of the time.

There are exceptions, but I mean as recently as last year, there's a guy

named Bruce Greenwald who's kind of the professor emeritus of value investing,

which is the style of investing that we would say broadly we fit into, where we try to find

...