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InvestED: The Rule #1 Investing Podcast

247- Wilshire GDP & Printing Money

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 7 January 2020

⏱️ 42 minutes

🧾️ Download transcript

Summary

It's 2020 and with the new year comes the pressure to invest. In this episode, Phil explains how important it is to really understand what's happening with the stock market right now, and whether the current stock prices truly represent what's being sold in the US. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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

0:36.1

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

0:39.7

podcast where we are figuring out how to invest like the best investors in the world and by the

0:47.3

way by that we very specifically mean people who invest.

0:52.0

Let us now define.

0:54.8

As opposed to speculate, there are phenomenal speculators out there,

0:59.0

some of whom own baseball teams, and football teams, but that's not what we do what we're trying to do

1:06.6

what we intend to do is make sure that we know that the companies that we buy or whatever we buy, whether it's a bicycle at a flea sale or a flea market or a house or anything else, whatever we buy we know we'll be able to sell it for more in 10 years.

1:27.0

Yeah, totally.

1:28.0

That's a fundamental definition.

1:30.0

Totally.

1:31.0

And I love that you always say that it can be anything because we talk so much about public companies because that's what's accessible to most of us small investors.

1:40.0

But it really helps me to think about it like no, it really can be anything, It can be the apartment down the street. It can be a private

1:47.4

company. It can be your own business that you're running. I've had people tell me they use these

1:52.2

principles to manage

1:54.3

their own businesses better, which is so smart. I think it's one of the smartest

1:58.4

things you can do actually. Totally. And it can be, you know, buying a bike that you know is worth a bunch and the person you're buying it from doesn't know that. It can be that. So lots of things.

...

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