200- 5 Principles for Inevitable Success

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 12 February 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week Phil and Danielle celebrate the 200th episode of InvestED: The Rule #1 Podcast! During this episode, we talk about how you can guarantee success in investing and life. We talk about Ray Dalio, the owner of Bridgewater Capital, who manages $160 billion in assets. Ray manages all of his money based on a very strict set of investing principles. He’s been able to achieve phenomenal returns. 18% over the past 36 years. 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	Are you ready for a Monzo Business Bank Account?
0:03.3	Heather from the Accounters Growth Club was,
0:05.2	knowing what cash I have is really important and
0:08.3	monzo business makes it easy.
0:09.8	It automatically puts 20% of my income into a tax pot.
0:14.0	When it's time to pay your VAT, I always know the money's there.
0:17.0	If you're ready for a Monzo business account, apply today.
0:20.0	Just search Monzo Business. Only sole traders or limited company directors in the UK can apply.
0:25.0	Get tax pots with Monzo Business Pro for £5 a month.
0:28.0	Tees and sees apply. Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town
0:38.7	and we're here for the invested podcast and we're here for the big one.
0:43.0	We are doing podcast number 200.
0:47.0	Do-dd-doh, I should have a sound effect.
0:50.0	Yeah, we're going to put some sound effects.
0:52.0	Do-dder-dder-d-dah! Yeah, we're going to put in some sound effects. Dda da da da da da da da da da.
0:53.0	There you go.
0:56.0	It's our 200 episode.
0:58.0	This is a lot of episodes.
1:02.0	Okay, so we started this off, me teaching my daughter Danielle, my views of investing, which
1:08.2	come directly from Warren Buffett and Charlie Munger and Ben Graham, and investors of that sort who have done extremely
1:15.1	well and I want my daughter to invest like that and we started off with Charlie
1:19.3	basically saying here's the four things you need to do to invest, you know, you have to be capable of understanding that the business has to have intrinsic
	...

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