299- Value Investing in 2021

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 12 January 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

One of the best things about investing is that it is possible for everyone to succeed—no matter your age, income, gender or IQ. As a beginner investor, it’s easier to avoid mistakes and decrease risk by investing in companies you are already familiar with, and that have meaning to you. For example, if you work in the tech industry, it’s going to be much easier for you to understand the goals of a tech company as well as their potential to reach those goals than it is going to be for you to evaluate a company in the pharmaceutical industry. Consider your personal passions, talents, and spending habits. Better yet, map them out using a venn diagram, placing passions in one circle, talents in another, and spending habits in another. Where these three areas overlap is your “Circle of Competence”, reflecting the industries and sectors you have the most knowledge of and where you should start your search for companies to invest in. Over time, you can begin to research companies across various sectors and expand your knowledge-base and comfort zone, but investing within your Circle of Competence is the best place to start. As you embark on your investing journey, remember to stay rational, mindful, and disciplined. It is the only way you will be successful in value investing. In today’s podcast, Phil and Danielle discuss value investing in 2021, and best practices for investors of all levels to be successful in the stock market. Ensure you always make smart investment decisions with my 3 Circles Exercise Guide. Click here to get started: http://bit.ly/3ozYpkJ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everybody this is skill town and this is
0:05.0	Daniel town and I'm really glad to be back here at the podcast yeah I'm so glad you're back.
0:13.0	Yeah.
0:14.0	I was really, really excited to talk about what's going on out there.
0:18.0	So welcome to the Invested Podcast, everybody.
0:21.0	If this is something you're new to here we discuss basically
0:25.2	how the best investors in the world manage to get those returns consistently over all sorts of markets,
0:35.6	depressions, world war, great markets, bad markets,
0:39.5	how do they do that?
0:40.6	That is exactly what we talk about here and we think it's reputable so all
0:45.3	let's get to it what do you think welcome to the new year right yeah welcome
0:50.1	to the new year I would say what we do on this podcast is you teach me about deep value
0:56.7	investing. This is hopefully true. Yeah, I think I try anyway. And amazingly, you know, if you really want to learn something,
1:09.2	the best way to do it is teach it. You know, you have to get ahead of, well, I was thinking you have to get ahead of your students,
1:16.0	but I've been here in 40 years, so I've got some advantages.
1:18.0	But what really happens is,
1:21.0	Danielle is pretty good at thinking through the argument, right, of challenging the premises
1:28.7	to the argument.
1:30.0	And this is one of the most important things that you can learn to do as an investor and she's
1:35.6	trained as a lawyer and that's what lawyers do anyway.
1:38.9	So it's a really natural thing for her to challenge these premises and is what you
1:45.5	honestly Daniel you've got to do that as part of your practice of building what I
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