491- Google Brainpower

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 5 December 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

To novices and outsiders, the practice of investing can appear intimidating and overwhelming. However, despite the seemingly high barriers to entry and understanding market dynamics, an investor’s IQ matters less than their ability to be disciplined, patient, and emotionally detached from their investments. In fact, this applies even more to newcomers than it does to seasoned investors, as working with more capital can make it difficult to find impactful investments compared to a modest portfolio. As you grow in your investing practice, those added complications can be countered by an expanded circle of competence and deeper market knowledge. This week, Phil and Danielle discuss how an investor’s mental state and learned habits can aid their investing journey more than their sheer brain power. They also dig into the ongoing antitrust trial over Google’s practices and what the outcome could mean for the tech world. For more insights on the fundamentals practiced by Buffett and other investing greats, make sure to get your free copy of these 6 Market Crusing Investing Principles : https://bit.ly/45szJ2v Topics Discussed: Jim Simons/Renaissance Technologies Amazon founding Buffett’s change of heart re: Apple Reliance on China IQ vs hard work Circle of competence Google antitrust cas Lina Khan Differentiating between short- and long-term problems Fiat/Ferrari Resources Discussed: Mohnish Pabrai on Ferrari Gemini (Google AI) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ready to launch your business? Get started with the commerce platform made for entrepreneurs.
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0:22.0	Shopify is made for entrepreneurs like you.
0:24.5	Sign up for your $1 a month trial at Shopify.com slash setup.
0:40.9	Hey, everybody, I'm Phil Town.
0:43.4	And this is Danielle Town.
0:45.2	And welcome to the Invested Podcast.
0:47.3	Yeah, you guys know what we do. We are on podcast number 491 today.
0:54.7	Indeed. This is about, what, eight years of this as we're running toward the end of 2024.
1:00.1	It's crazy.
1:00.6	We're getting there to 500.
1:03.2	Yeah, lots to talk about when you start talking about how to invest and how to invest the way,
1:09.6	you know, the really great investors of the world do it,
1:12.6	where I keep being amazed when I hear Warren Buffett talk about, you know,
1:19.6	when he's really being candid about how smart you have to be to do this kind of investing,
1:26.6	he really does insist that it is not about IQ. That is absolutely
1:32.8	not about IQ. So if it's not about being really smart, because other forms of investing that,
1:39.7	other, say, strategies of investing in stocks that I'm aware of require a lot of IQ. They really do.
1:49.0	Where you are constantly trading, and I'm thinking of the Renaissance kind of company, you know, where they're compounding money at 70% a year.
2:00.0	Where their job is not actually investing, it's making great software.
2:04.6	Great bets. No, no, no, they're making, well, okay, yeah, you're right.
	...

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