4.6 • 1.6K Ratings
🗓️ 21 January 2020
⏱️ 33 minutes
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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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