478: Bank OZK

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 13 August 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Investing in a great business can sometimes feel like a personal relationship, and much in the same way as breakups can be incredibly difficult, making the decision to exit a position can cause the same doubt and heartbreak as splitting with a romantic partner. Likewise, the same issues that can arise in interpersonal relationships–keeping secrets, communication breakdowns, divergent goals–can lead to deterioration of trust and change the dynamics of what would otherwise be a long-term investment. It is critical for successful value investors to have the ability to reevaluate positions when new information comes to light, regardless of their prior feelings about a given company. This episode of InvestED finds Phil and Danielle offering a candid analysis of recent developments in Phil’s own investments, and what lessons can be learned when you’re buying into a business with the objective of holding it through the ups and downs that come over the years. Whether you’re seeking a new company to buy or deciding whether an existing investment is staying true to your initial assessment, get your free copy of the Must Have Investing Checklist to avoid unnecessary risk in your portfolio: https://bit.ly/49bSWZ7 Topics Discussed: Paris Olympics Athletic sponsorships Bank OZK concerns Difficulty in reevaluating positions VIX 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 Danielle town welcome to the invested
0:14.2	podcast we are coming to you from Zurich you are in Zurich I'm home man oh it's
0:21.6	so good to be home
0:23.0	Bozeman, Montana. Yeah. It is cold and blowy outside.
0:28.0	Is it really?
0:29.0	Mm-hmm. Oh my gosh.
0:31.0	We're going to go fishing today. Now I've got real doubts about how much joy that would bring.
0:37.0	It's like when in literally on the 4th of July here, I was so excited to celebrate because I always like get themed up an American and represent and it was cold and rainy on the 4th of July like cold like I wore a coat it was
0:57.8	super weird I don't know well Well, cold happens in Montana. I was a guide, I guided out here and,
1:07.6	back in the 70s and, you know, up in, in, up in the mountains it gets cold and I've been in snowstorms in June
1:17.8	when I was on the river and you know rainstorms are common and yeah the mountain weather right these people paying for a nice river trip and
1:26.0	getting rained and snowed on for four or five days rough life well so I've been watching the Olympics like crazy as much as I can because I'm obsessed obviously and the weather there has been a huge problem in Paris for the Olympics because it's either been incredibly hot or like
1:47.2	rainy and messed up and or the water in the sun is disgusting
1:54.0	and they can't do the,
1:56.0	did you know this dad?
1:57.0	They did a, they did the open water swim
1:59.7	in the sun and the triathlon swim.
2:02.3	It's so cool.
2:04.0	Yeah, if they don't die from it.
2:07.0	Exactly.
2:08.0	And well, what the commentator said was that it is not as bad as some of the water that they swim in in
2:15.8	other events during the year and I thought that doesn't sound like a great scale
	...

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