345- How and Why to Know When You’re Right

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 1 December 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Sometimes the best thing you can do when it comes to investing successfully is nothing...at least until you know you’re 100% right about where you’re about to put your money. This week on InvestED, Phil and Danielle discuss the critical step to take after you’ve made it through the Investing Pyramid and before diving deeper into the investing checklist: Having Patience & Staying Simple. It’s no secret how effective the Rule #1 Investing Strategy is, and it’s because Rule #1 Investors do two things: They keep things simple and invest in what they know and believe They’re patient and wait for the best time to buy To learn how to pick the right stocks for your portfolio and help you keep things simple, download the 5-Step Checklist for How to Pick the Best Stocks for FREE here: https://bit.ly/3riDBSW Topics discussed in this podcast: Investing with Patience Investing Checklist How to Invest When to Invest Best Time to Invest Additional resources discussed in this podcast: Charlie Munger’s 4 Principles of Investing Bill Ackman’s 8 Point Checklist The Investment Checklist Pyramid Investing Checklist Logistics - Part 1 For show notes and more information visit www.investedpodcast.com. 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	Everybody, this is Phil Town.
0:38.0	And this is Danielle Town.
0:40.0	Welcome to the invested podcast.
0:42.0	You guys know what we do here for the last five years.
0:44.0	We don't have to talk about it much.
0:46.0	Just to remind you, however, that we're really trying to be good investors, not speculators.
0:54.0	And that involves a few things we've been talking about for five years.
0:58.0	One of them is patience to not take action until you know you're right.
1:04.0	Like Davey Crockett when I was nine years old.
1:08.0	I really stuck with me.
1:10.0	Davey Crockett had a TV show that I think Disney put on.
1:14.0	Fest Parker was Davey Crockett.
1:16.0	And Fest would say Davey Crockett is the actor playing Davey Crockett.
1:22.0	Davey Crockett would, he would say, well, first be sure you're right and then go ahead.
1:32.0	Was Davey Crockett an adult or a child?
1:34.0	Oh, an adult.
	...

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