204- Short-Termism

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 12 March 2019

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

For show notes and more information visit investedpodcast.com. In this episode, Danielle and Phil discuss why short term viewpoints in the stock market are terrible. When analysts upgrade or downgrade a stock and the price drops, it’s terrible. When companies miss on earnings and the market responds with stock price dips, it’s terrible. Once you start having to hit a certain number every quarter rather than having to hit a certain number over the next five years, it becomes risky. What started as people wanting to get more information on company earnings has become a problem of short-term thinking. Charlie Munger thinks that short-term investing is insane. He’s said in the past that he almost never has a transaction. For show notes and more information visit 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 Accountant's Growth Club was,
0:05.3	knowing what cash I have is really important and 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.
0:28.1	Te's and sees apply. Hey everybody this is Phil Town and this is Phil Town and this is Daniel Town
0:38.0	Welcome to the Invested Podcast and this is where we really are learning to invest by following the best investors in the world.
0:48.0	And I gotta say, you know, it's really down to Charlie Munger and Warren Buffett, I think is really pretty much what it comes down to.
0:58.0	And in particular, it comes down to a few principles that these two guys have been putting forward as
1:06.3	their investing practice for the last 50 or 60 years. So the things we're going
1:10.4	to be talking about here are anything but a secret.
1:13.2	They're not a secret.
1:16.0	People have been writing about them, trying to copy them, you know, for their investing careers.
1:21.6	And there are a
1:23.0	actually a reasonable number of people who have succeeded in copying them
1:26.2	but very, very few of them are professional fund managers.
1:30.0	The people who are successful at Copyying Buffett have become big fans and are typically individual
1:36.7	investors who don't have to deal with the pressures of being a professional investor who has to make
1:42.1	you know,
	...

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