Hi everybody this is this is Phil Town this is Daniel Town and we're here for the

podcast Invested where we talk about mindful money.

Yeah, and what, Rule 1 investing?

And what on earth to do with our money if we have any, which we don't, most of of us and how to use our limited time and we're

basically focused around a really interesting problem in in the world of

investing and that is that the current paradigm of investing says that

it's impossible to get a high rate of return with low risk, that prices and

values are all the same in the stock market and nobody can beat the market and so we just

don't think that's true we're coming from the school of Warren Buffett

investing where it says that the whole goal of investing the only actual investing that it's possible to do, is when you buy something

worth a lot more than you're paying for it.

So Buffett's idea is you buy a $10 bill and you pay $5 for it. That's investing. Everything else is speculating.

I mean that sound like you said we are thinking that that's a good way to do it and I agree that that sounds really good

I'm

Trying to learn how to do this so I'm not quite totally on the good ship Phil Town yet.

And I have to say now that the podcast has been going for a while,

we have a lot of people listening to the podcast and you have a lot of

fans who applaud your questioning and are getting a lot of it.

I appreciate that but I'm you know literally I'm just asking for myself and I think there are just a lot of people who have the same questions as me

because it's like what on earth are we doing and you know this whole thing is like a giant black mystery when I look into the future I see like gray fog when it comes to money management and like if I could draw it, it would just be like a mysterious gray fog that's

rolling towards me in a very like Voldemort kind of way.

And... Voldemort kind of way. That's funny.

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