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InvestED: The Rule #1 Investing Podcast

238- From the Vault: Qualities of a Great CEO

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 6 November 2019

⏱️ 33 minutes

🧾️ Download transcript

Summary

This week on InvestED we discuss how to find CEOs and management with integrity and talent. 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

On BBC A

0:02.0

I am doing life a few more years means nothing to me

0:06.0

I'm pregnant

0:08.0

judges go easy I'm pregnant women

0:10.0

I've been all my electricity that's all don't think I should even be in here.

0:14.0

A new series of the Baffa Award winning time.

0:18.0

You tell anyone and I mean anyone about me I will kill you. Starring Jody Whitaker tomorrow

0:25.2

Lawrence and Bella Ramsey. Time. Watch on BBC I Player Hey everybody this is Phil Town and this is Phil Town and welcome to

0:40.0

invest in the podcast that's teaching us all about how the best investors in the world, and I mean by that, the people who have been investing for many, many years with very high rates of return, how these people are doing it.

0:53.0

Long-term investors that make great, great, great huge returns, returns that are so high

0:59.6

that the SEC that the academic world just simply don't believe that these returns are even true.

1:09.6

They know they're true.

1:10.5

It's not that they're not true.

1:12.4

They're true. It's just they can't believe that they're really

1:14.9

doing it year after year after year. Because in the view of modern portfolio theory, which is how your

1:20.9

money is invested,

1:23.0

it is impossible to beat the market.

1:25.5

And yet these investors, led by Warren Buffett,

1:29.0

even before Buffett, Ben Graham, who taught Buffett,

1:32.0

and investors that we like to call rulers for Rule 1 style investing focus aggressively on not losing money and by picking companies that are very underpriced, they're able to make returns well in excess of 20 to 25 percent per year, year after year after year for decades,

1:52.0

when this is thought to be impossible by the by the

1:54.7

rest of the market and so we're really exploring in the podcast how that's done and

...

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