456- Buy Side Weather Matrix

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 13 February 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Is there a limit to how much an investor should know about a potential investment? While it can seem like there’s an infinite amount of relevant considerations for any given business, the ability to discern the difference between important information and extraneous data is an indispensable tool in the investor’s kit. If jumping into the deep end of the S&P 500 seems like a daunting proposition, keeping your investing practice focused on a smaller scale can make the process of understanding “the weather” a much more manageable task. Keeping the boundaries of your research close to the boundaries of your own circle of competence can go a long way in terms of keeping the process from being overwhelming. This week we join Phil and Danielle in a continuation of this series discussing their idea of business meteorology, a topic that has utility for everyone from investing novices to the most seasoned of financial forecasters. To get started on your own Weather Matrix, click here for your free copy of The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Investing circle of confidence Intimidation in the research process Buffett on taking advantage of the moment Spotting warning signs Netflix vs. other streamers Resources Discussed: The Weather Matrix (value/understanding) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	F word and travel.
0:03.0	With an HSCC Global Money Account, you can drop f-f-s from Acapulco to Zurich.
0:08.0	That means no f-fucks here.
0:10.0	Fondra.
0:11.0	No fucks here. Howdy and definitely no fees here.
0:15.4	Pay no H.S.B.C. fees overseas with a global money account.
0:19.0	H.S.C. UK, opening up a world of opportunity.
0:22.2	Available to H.S.CC UK customers with an eligible current
0:24.6	account. Exclude some accounts such as the HSPC Basic Bank account for mobile banking
0:28.0	app users only. Non-HSPC fees may apply. And this is Danielle town.
0:41.0	Everybody this is Phil Town. And this is Danielle town.
0:42.0	There she is. My daughter, my
0:45.1	lovely daughter. Hi, how are you? Hi, I'm doing pretty good. We're here for
0:51.0	the Invested Podcast and that's where we're discussing
0:55.3	Warren Buffett strategy. Warren Buffett strategy and tactics. How the
1:01.7	best investors in the world, in my opinion, do what they do.
1:07.0	So I like moving into strategy and tactics because we've spent like seven years talking and
1:15.0	we've spent like seven years talking about the nuts and bolts and maybe we'll spend the next seven years
1:21.0	talking about strategy and tactics. I'm into that. Right, right. That's kind of where like the art comes in, less science, more art, which is I think what we've been talking about in this series on what
1:37.9	I'm calling now the weather matrix.
1:40.3	I don't know if you like that name. I think it's great. It's a really cool idea. Weather matrix.
1:47.0	Yeah, I like it just fine.
	...

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