4.6 • 1.6K Ratings
🗓️ 9 August 2022
⏱️ 38 minutes
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0:00.0 | Hey, everybody. This is Phil Town. And this is Danielle Town. Welcome to the |
0:16.2 | invested podcast where we are diving deep into Warren Buffett's style |
0:20.0 | investing as best we understand it, which boils down to. I understand it, right? |
0:26.8 | It's it. Well, it's down to four things. Understand the business. Make sure it |
0:30.8 | has a big protective moat. Make sure management has talent and integrity and |
0:35.3 | buy it on sale. Those are the four things. Simple. Nothing to it. Simple turns |
0:42.2 | out plus my fifth. The same as easy. Find the mission that you want to support |
0:47.3 | with your money. Oh, there we go. Define the mission you want to support with |
0:51.1 | your money. Yeah, that's really a cool thing. So let's talk about Google |
0:54.6 | some more. The Googs. Okay. Yeah. So we ended last time saying, let's dive into |
1:05.0 | this complicated company as best we can in an audio format. And my question to |
1:12.8 | you is why what's happening at Google that's making the price move? Yeah, I mean |
1:21.4 | Google is actually an interesting thing to talk about. I've bought Google in |
1:25.7 | the past. I bought it at 200. You know, it's not split adjusted. That was the |
1:30.0 | price at that time after it came public and it went up to 200 and made my |
1:36.6 | typical terrible mistake of selling it ever when it came down a long time ago. |
1:42.1 | So I took the profits and haven't found an opportunity to get back into it |
1:46.8 | again, which is the mistake is that when you really try to buy things on sale |
1:52.0 | and then you sell them, it's often virtually impossible to buy them back again |
1:58.7 | for a decade because they just don't go on sale. These are when we look for |
2:04.6 | businesses, we're obviously looking for a very, very, very good business. That's |
2:09.2 | what we're looking for. Well, the fact that that's a very good business is not |
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