Hi everybody this is Phil Town and this is Daniel Town

we're here to talk about becoming invested this is the invested

podcast this is the invested podcast, by the way. This is the invested podcast, which we think is a clever use of the term.

We do, we are very proud of ourselves.

Yeah, because you can become invested by having a commitment to something.

You can become invested by actually purchasing stocks on the public market.

So cool, double entendre.

You can be invested in your own future.

And you can learn education, which is the ed part.

That's where we put the capital E.D.

Because it's an investing education and we're really serious about it.

You're going to learn how to invest on this podcast because we do it the way Warren Buffett has been teaching it for 50 years and his partner

Charlie Munger we think is one of the smartest guys about investing on the

planet who says that the main thing you have to do to be a good investor is you have to know something that's what

reduces the risk and you have to wait you have to be patient you have to wait for a

wonderful business to come along at a fair price and that's going to happen with

utmost certainty Charlie says and Warren says because that's what the stock

market does it goes from kind of an emotionally irrationally exuberant where everything is super

pricey and everyone knows everything's just going to keep going up forever and then it drops to the other emotional state which is a lot of

fear and everyone knows the stock market's a terrible place to put your money and it's going to

go down forever and what we want to do of course is wait with our cash until Mr.

Market's afraid and scared and selling things cheap and then we want to buy stuff.

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