Hey everybody this is Phil Towne

this is Phil Towne we're here for the podcast Invested where we're talking

about Warren Buffett style investing the best investors in the world

what they do to get very high rates of return with very low risk relative to what

relative to just putting your money out there in the market and hoping and praying and we're talking about the practice of investing the practice

of investing how to approach it from a perspective of learning and constantly growing with it and

hopefully what that can do for us in the rest of our lives. I feel like if I can get a little confidence around this crazy thing

Maybe I can do whatever else I want.

Well a big a big part of that confidence comes from understanding that what investing really is, is buying low and selling high.

That's the essence of investing. Which seems kind of obvious.

I feel like that should be a block quote somewhere.

Philtown News informs us,

by low sell high.

I know.

I know, it's embarrassing to say it because it has become...

No, but I take your point that it's not said very,

I mean, it's said in the sense of like, it's obvious,

but you know, it's nice to think about it as like,

wait a second, that's actually what we're trying to do for real we're not

gambling we're not trying to go all over the place we're just buying something

at a good price and then selling it at a higher price. The most astonishing thing about being a little embarrassed about saying

that investing is about is just buying low and selling high is that it's it's that

...