407- FROM THE VAULT: Speculating vs. Investing

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Business, Investing

4.6 • 1.6K Ratings

🗓️ 21 February 2023

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Before buying a company, Rule #1 Investors do a ton of research to ensure the company they are buying meets Charlie Munger’s 4 key principles: meaning, moat, management, and margin of safety. From blue chip companies to venture capital, the options are limitless in terms of what modern investors can do with their money. In this week’s episode, we discuss the difference between investing and speculating, and why the term “risky investing” is an oxymoron. Learn what to watch out for when trying avoid overly risky investments with your own copy of the Must Have Investing Checklist: https://bit.ly/3YRI90n Topics discussed: Charlie Munger's 4 Principles Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	We're a Callin' Chip from The Fellas, and this episode is brought to you by the new movie Strays!
0:07.9	Strays is the hilarious dog comedy that you've been waiting for. The story follows Reggie
0:12.5	and foul mouth book, who along with their pack of strays embark on an epic adventure of revenge,
0:18.3	doggy style. And of course it gets even better because it's voiced by Will Ferrell and Jamie Fogg.
0:23.8	So gather your mates! Oh I will my friend because Strays is in cinemas August 17th.
0:31.0	Hi everybody and welcome to Invested. I'm Danielle Towne. We're off again this week. You can
0:36.7	hear I'm super stuffed up. We decided not to subject you to listening to this voice for a whole
0:43.0	episode. So what we're going to do is put up one from way way way way back. I think you're going
0:50.0	to enjoy it. You're going to hear how different my attitude and knowledge about investing is.
0:59.5	And I hope that it will make you think a little bit about how your investing practice got started
1:06.6	and where you were when you first started. So enjoy. Have a great week. Thanks everybody. Bye.
1:13.9	Hi everybody this is Phil Towne. This is Danielle Towne. We're here for the invested podcast where we
1:23.6	talk about investing in businesses also known as stocks. We talk about buying the whole business
1:32.8	or acting as if you buy the whole business. Exactly. You buy one share of stock.
1:38.0	And we've been we've been talking lately about the basic idea that Warren Buffett has. We're
1:42.8	very big on Warren Buffett and Charlie Munger type investing. And we've been talking about how to
1:49.0	value something in the way. Buffett looks at say a piece of real estate or a farming operation and
1:55.2	just values them as a business is exactly the same way that we want to value any business whether
2:01.2	it's public or private. We want to pay a certain price for it. We want to understand what we're
2:05.2	buying. And we started off this podcast a long time ago with Charlie Munger telling us these
2:12.0	four simple things. And it would probably be a good idea. What do you think? Just to repeat
2:15.5	them really quickly right here. I love the four principles. I think about them all the time now.
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