Hey everybody this is Phil Town this is Phil Town and we're here for the

invested podcast where we're looking at about the style of invested that was made famous by first

Ben Graham in the 1930s the style of investing that was made famous

by Ben Graham. You said invested which I loved.

Oh, the style of invested.

This is the style of getting invested.

It's the style of being invested.

One day we'll figure out what this podcast is all about, but essentially we already know it's definitely about

creating a practice of investing.

Yeah. And it's about getting yourself committed to that practice.

It's about, therefore then practicing, which is all the Warren Buffett information and Charlie Munger information.

And we tell you that it's pretty different than anything else you're going to hear out there, and it is because

we're going to take a fairly unpopular, I would say even radical point of view that says, at least I'm taking this,

I'm taking this point of view, that says that you're not investing, if you're not buying assets for some discount to their real value.

And if you don't know the real value of something you're buying you're really not investing

you're just rolling the dice and hoping that the thing goes up and this

the greater fool theory the greater fool theory well not greater fool theory, well not necessarily.

I mean the value could go up, if you're lucky,

but you don't know what the value is.

Yeah.

I guess it's saying that a greater fool may not be necessary if an experienced investor comes

along and determines that the value is higher than what you paid for it, you might get some

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