Hi, this is Phil Town. This is Danielle Town. We're here to talk to you about

Invested. Mindful money. Rule one. Conscious investing.

Numbers. Numbers for people who hate numbers.

Deep into the numbers. We're deep into the numbers. I have to say I looked back in my notes and I thought that we had talked

about five numbers but we talked about four numbers so you were correct. We're doing the

four growth rates which are four of six or seven numbers that I really focus on.

And you're going to get different numbers of numbers that people focus on.

The main thing to understand about the numbers is that you have a huge pile of them when you look at financial statements and you don't have to begin by understanding all of them.

You can just, like we're using a metaphor last time. begin by understanding all of them.

You can just, like we're using a metaphor last time about going into a foreign language.

You just need a couple of phrases to, you can move around the country pretty well.

And that's the phrases we're going to give you right now, and it turns out that the the some view of this and that is that of that of the major numbers the most important ones being

related to

Figuring out what the cash is going to be like coming in on this company in the future.

That's really what this is all about.

Okay.

What's, what's, because if we're going to figure out ultimately for two things is this a wonderful business and

Charlie's explained to us what that's all about and second is it on sale and

Charlie said we can't pay an infinite amount of money for it so it's got a you know we need a margin of safety of some sort

So what a business is in terms of wonderful is is spotted a in these numbers and whether it's on sale is

spotted substantially in these numbers as well.

So these are really key numbers to focus on.

...