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

Welcome to the Invested Podcast and you guys know what we do here. Pretty sure.

I just realize how many times can I say that over and over again

and not bore you to tears and I'm suspecting that we've been boring you to tears quite a lot with my little

intros. Yeah I think so. Yeah that's okay. We do we do Buffett style investing.

How's that we do?

That's what we do.

So buckle your seatbelt because here we go into the checklist.

We are working through the rules checklist and each part of this is

designed to help us get something right and the first thing we're trying to get right is that we're not going to

lose money when we buy a business and the reason we need to get that right is because

we are not messing around here we are investing really serious money, big money, for each one of us, big money, so whether

that's 10,000 or 10 million, it's everything you got. Put it like that. It's everything you got.

It's not going to Las Vegas. Even if you're not investing everything you got got I think everybody feels like they're investing

big money whatever it is they decided to put into that investing bucket it feels big no matter what

and it is. And therefore you have to be, you have to be, you have to understand this investing style

and you need to understand it in your gut and that is that we cannot lose money

when we buy something we can't afford it because we're not putting in a little bit

we're loading up the truck. Our investment style is to be incredibly passive, do nothing, nothing, nothing, nothing, and then get maximally aggressive when we do stuff.

So the way Buffett puts it is more fun, he just basically says we go outside and load up the truck.

But what he means is we're putting in more money than you can

afford to lose into each investment. It can't be a mistake. So that's what we're

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