340- Investing Lessons from Formula 1: Understanding What You Really Own

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 27 October 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

So you invested in a business...but do you know who ACTUALLY owns that business? Do you know what the management is like and how that can drastically affect the success of your investment? For sports fans — especially racing fans — Formula One Racing (owned by Liberty Media Corporation) seems like an attractive stock to add to your portfolio, as it’s one of the few opportunities to invest in sports. As Phil returns from the United States Grand Prix, he and Danielle reflect on the sport growing in popularity and discuss when to give stock, like Formula 1, the green light to drive into your portfolio. Phil and Danielle dive deep into the first step of the investing checklist to explain what the history of Formula One can teach you about investing and the importance of understanding the business behind your investment...before you actually buy. Download the easy-to-use checklist discussed in the episode and learn how to find the best companies for your portfolio: https://bit.ly/3mivmDe Topics discussed in this podcast: Warren Buffett’s investing strategies Value investing Real-life investing Investing in Trusted Management Formula 1 Stock Resources discussed in this podcast: The Innovation Stack by Jim McKelvey Bill Ackman’s 8 Principles Phil’s Go-To Investing Checklist Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Connect with your customers in a whole new way with Salesforce Customer 360.
0:06.0	Harness the power of Trusted AI to enhance your customer experience
0:10.0	and unite your teams around a single shared view of every customer in your business.
0:15.0	Empower teams with Trusted AI from a secure, scalable platform.
0:20.0	With Salesforce Customer 360, now everyone's an Einstein.
0:24.0	Go to Salesforce.com forward slash 360 to learn more.
0:30.0	Hey everybody, this is Phil Town.
0:36.0	And this is Danielle Town.
0:38.0	Welcome to the invested podcast.
0:40.0	We're really glad you guys are here.
0:42.0	Very excited to be doing the podcast today.
0:44.0	This is podcast number 4,573.
0:48.0	And we discuss all things, value and buffet investing related.
0:56.0	Correct?
0:58.0	Well, we used to be like, I was used to be teaching you five years ago how to do this.
1:04.0	Oh, you're still teaching such an expert and are doing very well with your investing.
1:08.0	It's really exciting.
1:10.0	And I think it's fantastic.
1:12.0	And so, yeah, the podcast is sort of rolled along.
1:15.0	You know, it's, it is, it is about all things, value investing in the sensor.
1:20.0	Really anything we think is useful to you guys.
1:22.0	Basically, anything we think is interesting about investing.
	...

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