338- Stick to the Investing Checklist!

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 12 October 2021

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rule #1 has been the basis of excellent investing for the last 80 years by successful investors like Warren Buffett, and it will be the basis of excellent investing 80 years from now. First, understand that Rule # 1 literally is “Don’t Lose Money,” but what it means in practical terms is to invest with certainty. Certainty comes from this: buying a wonderful business at an attractive price. The word “wonderful” actually encompasses three out of four elements in the Four Ms. This is a part of the must-have checklist before purchasing any stock. In this podcast, Phil and Danielle discuss why sticking to this checklist is critical for never losing money in investing. Learn more about the Four Ms with this guide: https://bit.ly/305Cr1p Topics discussed in this podcast: How to pick stocks The Four Ms of investing Company valuations Understanding companies Recessions Market fluctuations Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Kraken.
0:03.0	Crypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save.
0:09.0	Do it on weekends or at 5 a.m.
0:12.0	Or on Christmas Day at 5 a.m.
0:14.0	Crypto is finance for everyone, everywhere, all the time.
0:19.0	Visit Kraken.com slash see what crypto can be to learn more.
0:23.0	Don't invest unless you're prepared to lose all the money you invest.
0:26.0	This is a high risk investment and you should not expect to be protected if something goes wrong.
0:30.0	Hey everybody, this is Phil Town.
0:41.0	And this is Danielle Town.
0:43.0	Welcome to the invested podcast.
0:46.0	You guys, we are busy diving deep into what we call rule one investing or value investing.
0:55.0	Rule one investing, of course, comes from Buffett's two rules of investing.
0:59.0	Rule number one, don't lose money. Rule number two.
1:01.0	Don't forget rule number one.
1:02.0	So the focus of this style of investing is making sure you don't make mistakes,
1:06.0	which is really apropos of what we're digging into here.
1:09.0	Good point.
1:10.0	Yeah.
1:11.0	Absolutely.
1:12.0	And I have to start out by apologizing for my sound because I'm traveling.
	...

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