Hey everybody this is Phil Town and this is Danielle Town. Welcome to the

invested podcast. We are diving deep into Warren Buffett style investing for

the last many years. Oh yes. Which tells you that it's very very simple but not

very very easy. Now those are I hate to say that honestly because I think it

really is easy but you have to overcome so many things that are going on with

your desire to you know win big or your fear of losing everything. Totally. These

two things get in the way so much. So we've been talking about a couple of

the extremes here last time kind of the bell curve of investing which goes

from really really super conservative investing that Ben Graham did back in

the 1930s which may come back into Vogue again I guess if we ever have a real

big depression and that is really interesting to talk about the like changes

over time periods of what kind of long-term investing works in different

what constitutes a conservative bet right that's another way to put it back

in the depression the what people discovered over a relatively short period

of time right from the 19 from 1929 late 1929 to I mean really probably in

1941 or so 42 that you couldn't make money in the stock market and and there

was it like a generation of investors came into believing that you couldn't

make money in the stock market the only thing it was good for was dividends and

Ben Graham had an idea that you could make money in the stock market if you

bought companies really cheaply so you had to come to understand something about

them and you buy them really cheap and of course they were available really cheap

because a lot of companies were going out of business so that's what he called

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