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InvestED: The Rule #1 Investing Podcast

228- Quick Questions: Investing Vs. Speculating

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 27 August 2019

⏱️ 27 minutes

🧾️ Download transcript

Summary

For show notes and more information, visit www.investedpodcast.com. It is possible as an investor to get high returns without high risk? That’s the basis of Rule #1 Investing. In this week’s episode, Phil and Danielle explain the difference between being an investor and being a speculator as well as how important it is to really understand what you own. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Whether it's an under the radar genre or a proper out there podcast, sometimes it's better when you get weird, especially when it comes to switching up your soft drink, introducing new Dr Pepper Zero

0:12.6

with the same blend of 23 unique flavors,

0:15.4

it tastes just as weird as regular Dr Pepper,

0:18.9

but with zero sugar and zero calories.

0:21.7

It's a taste you can't quite put your finger on.

0:24.1

Weird. But in a surprisingly good way, try more weird with Dr Pepper Zero. Hey everybody this is

0:36.2

this is Phil Town and this is Danielle Town and welcome to the invested

0:39.6

podcast where we are learning to invest like Warren Buffett, Charlie Munger, other great

0:44.8

investors in this ruler tradition, rule one tradition, meaning a tradition of

0:49.8

investors who focus deeply on not losing money and that focus means that they are

0:58.6

after wonderful businesses that

1:05.0

combination produces low-risk high returns

1:11.0

which are thought to be

1:14.3

unicorns by the Securities Exchange Commission and all of the professors in

1:20.3

not all but almost all the professors in universities around the world who believe in efficient market theory

1:24.8

saying that no one can beat the market therefore high returns without high risk are impossible

1:29.6

and we just have experience and that that's just not true.

1:35.0

Well, and the great part is that as this market is so nuts and going up and down and responding to every piece of tiny news that happens,

1:46.0

especially regarding the trade war that's going on, we kind of get to just,

1:51.0

I don't know, what are you doing? I mean, I'm just sort of sitting here being like that's happening out there it's

1:57.3

separate from me I don't really have to pay attention it is separate out there and

2:02.4

and of course a lot of that depends on how comfortable you are

...

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