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 how to invest

like Warren Buffett.

Oh, I thought it was like full stop.

We are learning how to invest.

Like the best people in the world.

I'm not gonna spend any time talking about this.

We're not learning any crappy nobody investing. We're learning like the best people in the world.

That is the truth.

And it's so amazing that this is not taught in schools.

I mean, there are a few places maybe where they're starting to get into it a little bit.

But most of the world is functionally

operating as if the stock market prices all businesses correctly at their

values and does it all the time and that there are no exceptions to that

rule or very few that may come along once in a while if you're a soft version of

that whole modern portfolio theory thing.

The problem with that is though that investors like Warren Buffett, Charlie Munger, and

many many others have followed a philosophy that says that stock prices and

stock values often diverge and when that happens you can pay too much for a

company or you can buy it super cheap.

And so what we're working on on this podcast is the information you need to know to know when

it's time to sell companies and get rid of them because they're ridiculously expensive

...