4.6 • 1.6K Ratings
🗓️ 21 April 2020
⏱️ 44 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Hey everybody this is Phil Town and this is Phil Town and this is Daniel Town |
0:08.3 | welcome to the invested podcast we are being pretty excited about the incredible event that's going on with COVID |
0:18.0 | as we are learning to invest our money ourselves. |
0:22.0 | A weird way to say it. I have to say it's a weird way to say it. invest our money, ourselves. |
0:23.0 | I have to say it's a weird way to say it. |
0:25.1 | What he means, my wonderful father means |
0:27.7 | that we're excited about investing opportunities |
0:30.2 | in the midst of great tragedy going on in all other areas of life and that's at |
0:36.4 | least something that we can find that's good in all of this. |
0:39.4 | Yep, we're going to find that that's something that's good and that is that we are going to find amazing investments as we |
0:46.7 | watch the unfolding economic train wreck being created by this pandemic and |
0:56.0 | the impact that has on wonderful businesses and the stock market itself, which you have been under a rock you might not notice but everybody else does and that is the stock market has |
1:05.7 | crashed more volatility than any time in history and rebounded also with more |
1:11.6 | volatility swinging upward than any time in history. |
1:15.0 | Yeah. Which gives you an idea about what's happened I think with the investing strategy of index investing taken to the degree it's been taken to where there's no one seeking |
1:28.8 | value is just buying the index, which has warnings coming from Carl ICON, Charlie |
1:36.1 | Munger, you name it, and they're out there warning you that this is going to |
1:39.8 | have the effect of extreme volatility. |
1:43.2 | Because it's pretty simple. |
1:45.2 | As people get scared or need their money, |
1:50.7 | they withdraw their money forcing the fund manager to |
1:55.0 | that manages the index to sell the index. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Phil Town & Danielle Town, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Phil Town & Danielle Town and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.