Hey everybody this is Phil Town and this is Phil Town and this is Daniel Town

welcome to the invested podcast we are being pretty excited about the incredible event that's going on with COVID

as we are learning to invest our money ourselves.

A weird way to say it. I have to say it's a weird way to say it. invest our money, ourselves.

I have to say it's a weird way to say it.

What he means, my wonderful father means

that we're excited about investing opportunities

in the midst of great tragedy going on in all other areas of life and that's at

least something that we can find that's good in all of this.

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

watch the unfolding economic train wreck being created by this pandemic and

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

crashed more volatility than any time in history and rebounded also with more

volatility swinging upward than any time in history.

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

value is just buying the index, which has warnings coming from Carl ICON, Charlie

Munger, you name it, and they're out there warning you that this is going to

have the effect of extreme volatility.

Because it's pretty simple.

As people get scared or need their money,

they withdraw their money forcing the fund manager to

that manages the index to sell the index.

...