468- Ten Billion

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 21 May 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

The world’s best investing minds have made fortunes that most people can barely dream of in their lifetimes, but having a successful portfolio doesn’t require the highest IQ, an office full of analysts, or access to top secret information. Understanding your own strengths and being able to identify the fields that are of interest to you are crucial components of a fruitful investing practice, and maintaining a limited scope in your research and analysis can help you maintain focus and avoid wasting energy on superfluous data. This week, Phil and Danielle take a look (and listen) to the latest Berkshire Hathaway shareholder meeting and discuss some key takeaways from one of value investing’s most important financial summits. If you’d like to evaluate your investing knowledge, discover areas for improvement, and enhance your investment strategies, click here for the Rule #1 Investing IQ Quiz: https://bit.ly/3Faf7ks Topics Discussed: 2024 Berkshire Hathaway Shareholder Meeting Market indices The importance of mentorship Investing in your interests Circle of competence Resources Discussed: The Intelligent Investor Moody’s Transportation Manual Value Line 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 Revolute. Revolute is your perfect travel
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0:18.3	slash podcast reward and receive 20 pounds when you make your first purchase with Revolute.
0:23.6	Until 18-plus, T's and C's apply, exchange fees and fair usage limits supply. Hey everybody this is Phil Town and this is Phil Town
0:42.3	welcome to the invested
0:43.7	podcast we of course are deep into Warren Buffett as you know and we haven't
0:49.3	really given a lot of time to discussing the Buffett meeting that happened in the first part of May.
0:54.4	Yeah. We got on to our Ulta focus and didn't exactly do the meeting right on time, but we're doing it now.
1:06.0	Very important and neither of us went this year, which was a huge bummer and I felt really sad on the day but it's
1:16.7	okay and it's just wonderful that we get to watch it so easily on the computer whenever we want.
1:24.4	That's just amazing. Like for so, for what 30 years or something they didn't do that.
1:29.6	So you had to go in person to know what was said. So yeah, I sort of I'm not you know I'd really
1:39.4	prefer to not to not be in a crowd. But so many rulers went this year and met with Austin and
1:49.5	Travis all the Rule 1 students we've been teaching for all these years.
1:54.0	Thousands and thousands and thousands of them have been taught.
1:57.0	And there's an urge on the part of a lot of our students to just go and meet up you know?
2:03.0	So we're thinking next year we're going to do it.
2:05.7	Next year we're going to do it.
2:06.7	We're going to get a venue and invite the entire database to show up in Omaha, which is 140,000 people last time I checked.
2:20.7	So, uh...
	...

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