351- Making Sense of the Markets
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 11 January 2022
⏱️ 27 minutes
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| 0:00.0 | Everybody, this is Phil Pound and this is Danielle Towne. |
| 0:08.3 | Welcome to the invested podcast where we are diving deep into what we call rule one |
| 0:13.7 | investing with some people called value investing. |
| 0:16.9 | It's not really value investing. |
| 0:19.1 | I like the term value investing. |
| 0:21.8 | You know, a very low PE ratio, I think the reason you don't like it is because you |
| 0:32.5 | have that connotation because you started doing it back when that was more the description |
| 0:39.5 | of it. |
| 0:40.5 | But I think now people think of it as like Buffett Munger investing. |
| 0:43.6 | Fair enough. |
| 0:45.6 | And Buffett and Munger both use the term from time to time and then also walk away from |
| 0:49.9 | the term from time to time and say that all investing is value investing. |
| 0:53.0 | Sure. |
| 0:54.0 | Is anything that's not investing? |
| 0:56.0 | True. |
| 0:57.0 | Kind of thing. |
| 0:58.0 | And but if you consider value investing just buying super cheap stocks, you're right. |
| 1:04.3 | As long as you don't put any other definitions on what cheap means. |
| 1:07.2 | If Google's cheap, you can buy Google, the Apple's cheap, you can buy Apple. |
| 1:11.0 | That's typically not what people mean by value investing. |
| 1:13.3 | They mean more like Ben Graham kind of cigar butts and things that are just, you know, |
| 1:18.3 | a five PE ratio or something. |
... |
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