Hi everybody this is Bill Town this is Bill Town and we're here to talk about

being invested this is the invested podcast Being invested in your life and your money and having enough money to do what you want in your life.

And doing it so that you learn enough about investing that you can invest the way Warren Buffett does, which is to focus and hopefully achieve the fantastic rule of not losing money.

That's the ideal.

Yes, we don't want to lose money. I don't want to lose money. That's the ideal. Yes, we don't want to lose money. I don't want to lose money.

If you think about it, if you knew that you weren't going to lose any money on your investments,

you know you might not make money on them, but at least you know and the ones you did badly on you wouldn't lose

any money and on the ones you did well on you might do well enough that you could

have a fabulous rate of return far bigger than you'd be getting in mutual funds

which is actually Buffett's experience.

That sounds fantastic.

It does.

This was amazing.

Charlie Munger said this once.

Munger of course is Warren Buffett's partner and he said, you know know you look at our results over 60 years and it

gets down to about 10 or 15 businesses that we really got right.

10 or 15. That's what he. 10 or 15.

That's what he said, 10 or 15.

Yeah, in 60 years that they got right.

That really may...

And how many did they get wrong?

That's the question.

...