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InvestED: The Rule #1 Investing Podcast

249- Events

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.61.6K Ratings

🗓️ 21 January 2020

⏱️ 33 minutes

🧾️ Download transcript

Summary

Since a majority of the investing world does not believe it’s possible to generate a high return on your investments with low risk, the door is open for the rest of us to find wonderful businesses on sale. What exactly is an event? Phil and Danielle discuss how they define an “event” as well as the role that fear plays in the outcome. For show notes and more information visit www.investedpodcast.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey everybody this is Phil Town and this is Danielle Town. We're here for the

0:09.5

Invested Podcast where we are actually really deep explorers into the world of

0:16.7

investing where we're kind of going after the gold, huh? We're going after the gold.

0:21.9

That's really what we're doing. We're exploring the gold. What kind of gold are you exploring for?

0:25.2

The gold is financial independence and having the money to, and to having the skill and knowledge to know that you don't need a ton of money because you can always make good returns on your investing.

0:42.0

I like that. I like that.

0:44.0

You don't need a job that makes you millions of dollars

0:46.0

because you're going to get really good returns on your investing.

0:49.0

And going for the gold and exploring means that we are going after, wow, what was that the Spanish explorers

0:58.6

went after like the city of gold, right?

1:01.3

It was like this El Dorado. They were going after El Dorado, this mystical

1:06.4

city of gold in the new world. And we're going after an El Dorado. What we know it exists,

1:11.6

this is the best part. the Spanish just thought it did but

1:15.1

we know it does because we've had explorers ahead of us who found it we got Ben

1:20.1

Graham and Warren Buffett and Charlie Munger and Manish Pabry and Guy Spirit.

1:24.0

And hundreds of others who have found this amazing city of gold and who have popularized

1:29.8

the fact that it exists by their books and their lectures and their letters and

1:34.7

we've learned from them and thousands of us have also gotten to that city and

1:40.8

so what makes it so mystical is that the rest of the world doesn't believe it exists.

1:46.5

This is the fun part about this. The rest of the world of investing

1:51.2

does not believe it's possible to get a high return on your

1:55.2

investing with low risk. That's just impossible. And because they think that, they

...

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