Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town

welcome to the invested podcast where we are learning something very important as we go into this whole COVID pandemic.

We're learning how to invest the way Buffett does it.

As we deal with it.

Yeah, and since Buffett is sitting, as we just found out a week ago, sitting on top of over

$130 billion in cash and didn't see anything that he was interested in buying and unloaded

all four airlines over that time period so he was selling more than buying he

wasn't even buying his own stock per down when it was at 175 a share or so

So this is all extremely interesting and food for for thought about how to properly invest, watching, you know, arguably the best

investor in the world for the kind of investing we can do. Okay, there are guys out there like,

you know, Jim Simon and Mercer and these guys who have figured out how to do

quantitative investing and that's just a whole different world.

If you're a rocket scientist and you want to make huge rates of return,

then go how to learn, go learn how do they do it.

But for the rest of us, for all the rest of us, we don't have 190 IQs, the way to invest here is not an IQ-related

investment process.

This is not about how smart you are and how cleverly you can figure out numbers.

This is mostly about having a small number of things

that we focus on for a company that we understand.

And if this company has these key components to it and we

understand the business then we're just waiting for a good price and you

well and that's the as you pointed out that's the interesting part of what's going on right now is

...