26- Reducing Basis With Dividends
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 6 October 2015
⏱️ 30 minutes
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Summary
Transcript
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| 0:00.0 | Hey everybody this is Phil Town this is Phil Town this is Danielle Town and we're |
| 0:07.6 | here to talk about getting invested which is our clever way of saying you're going to really poor your, well no you're not, |
| 0:16.2 | you're just going to kind of look into the possibility of investing in stocks. |
| 0:19.6 | That's what we're going to do. |
| 0:20.8 | And being committed to it and learning about it and |
| 0:23.4 | focus exactly that's what being invested it's not about a lot of time it's about a |
| 0:29.8 | commitment to learn properly that's what we're doing here. |
| 0:32.8 | And we're very much following Ben Graham, |
| 0:37.0 | Warren Buffett, Charlie Munger, go look him up, |
| 0:39.2 | wicki him, David Einhorn, ManeshPabry, those are the modern versions. |
| 0:45.0 | Although Buffet still pretty modern. |
| 0:48.0 | Charlie's still kicking. |
| 0:50.0 | Where the fundamental focus is to buy as Manesh puts a free lottery ticket |
| 0:56.4 | something that has so little downside that really the only thing really left to worry about is how big an upside if there's going to be one at all. |
| 1:05.9 | And so, you know, obviously you have to know some things. |
| 1:08.4 | We've been talking about that on the podcast. |
| 1:11.0 | In order to find really good companies that are on sale. The three keywords of |
| 1:15.6 | investing according to Ben Graham who started all this and taught everybody |
| 1:18.7 | our margin of safety so we really look to understand the value of a business which we've been talking about. |
| 1:24.4 | But let's assume Daniel that we're not geniuses and we buy a company at, let's say $25 a share, and it still goes down. It goes down farther. |
| 1:37.0 | It goes to 20, and then it goes to 15 over, let's say a year's period of time. |
| 1:42.0 | This would scare most investors out of ever wanting to do |
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