475- Expert Help

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 24 July 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you're trying to learn about an unfamiliar industry as part of your investing process, expert networks can be an incredibly helpful tool for getting started. These networks offer the opportunity to connect with people who have deep knowledge and experience in the industry, providing valuable insights into market trends and key players. However, you're not guaranteed to get completely reliable or unbiased information, so it's important to stay prudent and do your own research to make well-informed investment decisions. The knowledge and advice coming from the person you speak to can depend on the caliber of vetting taking place or the hourly rate you’ll be asked to pay, so the value of these networks will change depending on the specifics of your own investing goals. Listen in as Phil and Danielle discuss the merits and drawbacks of these networks, who they might be best suited to help, and where they’ll be taking this conversation in the weeks to come. To get some expert help directly from Rule #1, make sure to grab your free copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3ros8mU Topics Discussed: Micro-cap companies Expert networks Manipulating financial statements Resources Discussed: SBA SCORE network TEGUS Knowledge Ridge Damodaran on Valuation Understanding Financial Statements Financial Intelligence Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey everybody this is Phil Town and this is Daniel Town I'm here with Daniel Town.
0:16.0	Oh my delightful daughter. My delightful father.
0:21.0	Thank you very much that That's, I love hearing that after, you know, being your dad all these years.
0:29.0	You are delightful. I do find you delightful.
0:32.0	Oh, you're so sweet.
0:33.0	You're so amazing.
0:35.0	Humor and zest for life, absolutely.
0:39.0	Still, still in my creeping old age man.
0:45.0	But yeah, and I have a zest for this podcast, I'll tell you that.
0:48.9	I love doing this with you.
0:50.8	Me too. Me too. Me too.
0:51.8	Into the eighth year of this. And man, I'm live.
0:55.0	I've learned a lot from you about investing
0:58.0	while I'm, you know, teaching you about investing.
1:01.0	And I always look forward to a podcast to find out what in the world are you going to say this time about the whole thing.
1:07.0	So, you know, we were talking about analyzing businesses and trying to understand them you know and it's what it's what we do I have people I've hired to do that with me because you know it just requires a lot of work and and the more you can
1:27.8	cover the more chance you have a finding something really really good and we're just talking about Warren Buffett at his meeting
1:37.4	basically saying look if if I had to start with a million dollars right now
1:41.4	I would and I wanted to make 50% a year,
1:45.6	I would go to the littlest companies,
1:47.8	what we'd call micro caps.
1:49.8	So stuff below 300 million that's under the radar of a professional analyst and
	...

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