226- Buybacks (Part 3)
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 13 August 2019
⏱️ 43 minutes
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| 0:00.0 | New from DurX, 7 different vibrations you'll want to put on repeat. |
| 0:15.0 | Now available at boots and at duerX.co. UK. Hey everybody this is |
| 0:26.2 | this is Phil Town and this is Danielle Town. |
| 0:28.6 | Welcome to the invested podcast where we are investing via the strategies of Warren Buffett, Charlie Munger, and |
| 0:38.0 | other phenomenally great investors who, you know, the world sometimes calls us all value investors but we're not really at all |
| 0:45.5 | we are just looking for deals that's basically what we do we are we are garage sale investors |
| 0:51.5 | we are I at the local... |
| 0:54.0 | I heard... I heard somebody, I was listening to another podcast, |
| 0:57.0 | and somebody called it quality investing. |
| 1:01.0 | He said, I'm a quality investor. He looks for quality. |
| 1:05.1 | Well, I kind of wish them a lot of luck on that. That's actually quite easy to do, quality investing. |
| 1:10.6 | That's what most mutual firm managers try to do. There's this, that means something specific to you? |
| 1:15.0 | Yeah, it's what most mutual fund managers try to do. |
| 1:19.0 | It's kind of what Guy Spear was pointing us towards stay fully invested by quality companies, but you have to stay fully |
| 1:27.0 | invested, which means that you are often buying companies at not such a great bargain. |
| 1:33.7 | And Monash Perbai was just talking about that recently |
| 1:38.3 | as the difference between he and Guy |
| 1:40.5 | in that he's looking for quality investments, |
| 1:45.0 | as opposed to quality companies. |
| 1:47.6 | So by saying quality investments, |
| 1:49.6 | what Monish means is he wants a wonderful business that's also a wonderful investment and |
| 1:54.8 | that of course is what it's Warren Buffett 101. |
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