448- FROM THE VAULT: Charlie Munger’s 3 Ways to Build a Great Portfolio

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 14 December 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

We dig deep into the vault this week, going all the way back to 2018 to revisit one of our Charlie Munger-centric episodes. Phil and Danielle delve into the lesser-known strategies of the late great “Abominable No-Man,” revealing the hidden gems that can transform an ordinary investment portfolio into a stellar one. Join us as we explore the wisdom of investment gurus, uncover the power of "cannibal companies," and unearth the untapped potential of valuable spin-offs. As we look back on the life and lessons of one of the investing world’s heavyweights, we learn how these insights can elevate your returns to an entirely new level of success. For more ways to bolster your portfolio, click here for your free copy of the Rule #1 Must Have Investing Checklist: https://bit.ly/49bSWZ7 Topics Discussed: Net-net investing Cannibal companies Apprenticeship Resources Discussed: Security Analysis You Can Be a Stock Market Genius Avatar DanielleTown.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Krakhan.
0:03.0	crypto is like finance, but different.
0:06.0	It doesn't care when you invest, trade or save, do it on weekends,
0:11.0	or at 5 a.m.
0:12.0	Or on Christmas Day, at 5 a.m. or on Christmas day at 5 a.m.
0:15.2	crypto is finance for everyone everywhere all the time.
0:19.4	Visit crackin.com slash see what crypto can be to learn more
0:22.8	don't invest unless you're prepared to lose all the money you invest this is a high risk
0:26.2	investment and you should not expect to be protected if something goes wrong Hey everybody this is Phil Town and this is Phil Town and this is Danielle Town
0:38.4	welcome to the invested podcast where we dive into how Warren Buffett and
0:42.0	Charlie Munger as best we can tell and from my 30 years of experience
0:47.2	Invest
0:50.5	Look at all those caveats we're looking at the tagline here. We're working on it and it's been two years.
0:56.6	But you guys get the general idea. Yeah, we are talking about value investing and about how Charlie Munger and Warren Buffett value invest and how my dad
1:07.3	Phil Town value invests. You know I really like the word value invest as a as a kind of a generic name for what we do and then I really
1:16.4	there's a butt isn't there yeah I really don't like the name value invest because so many
1:21.0	investors are categorized as value investors who don't
1:25.9	invest the way we do and who don't invest the way Buffett and Munger do. Did you know that?
1:31.6	What? What?
1:33.0	What?
1:34.0	What?
1:35.0	That's right.
	...

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