492- Questionable Mastery

InvestED: The Rule #1 Investing Podcast

Phil Town & Danielle Town

Investing, Business

4.6 • 1.6K Ratings

🗓️ 10 December 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your circle of competence is the cornerstone of smart investing. Expanding your knowledge as you grow keeps your skills sharp and your strategy strong. When you focus on what you know best, you gain a clearer view of potential investments. This clarity can help you navigate market shifts with greater confidence and resilience than when you’re taking on an investment with more unknowns. In this episode, Phil and Danielle discuss how your perspectives can change over the years, and how expanding and refining your circle of confidence can use that change to your advantage. If you’ve found your circle of competence and you’re ready to invest, click here for your free copy of How To Pick Stocks: The 5-Step Checklist for help with identifying which businesses are right for you: https://bit.ly/3ros8mU Topics Discussed: Figuring out “wonderful” Qualitative vs quantitative analysis Continuous education Circle of competence Finding your “one thing” Rule #1 of investing Resources Discussed: Groundhog Day City Slickers Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Turning an idea into a small business doesn't happen by accident. You need to be all in.
0:05.5	At constant contact, we have the digital marketing tools you need to get the word out, close the sale,
0:10.3	raise the funds and gather a community around this thing you've built. So let's do this together.
0:15.2	Let's send this, share this and shout this from the rooftops. Let's segment this, automate this,
0:20.3	and AI this for real results fast. Let's get out of this what we put rooftops. Let's segment this, automate this, and AI this for real results fast.
0:22.8	Let's get out of this what we put into this. Let's build this. Let's grow this. Let's win this.
0:27.3	Get started today at constantcontact.com. Hey, everybody. This is Phil Town.
0:42.4	And this is Danielle Town.
0:43.8	Welcome to the Invested podcast number 492.
0:49.3	Oh!
0:50.5	So cool.
0:51.6	That tells me we need a plan for our 500th episode, which we do not have.
0:57.5	We will be doing the 500 episode in the year.
1:03.0	It's right at the end of the year, or it's right at the beginning of the year.
1:06.3	One of those two things.
1:07.8	Oh, very cool.
1:09.7	500 episodes.
1:15.0	Wow. Well, I'm so glad to be learning investing with you honey oh what is this is awesome to say I'm so glad to be learning investing from you less this is
1:21.2	the never-ending you know the whole thing of mastery is so great with this.
1:31.8	This is a lifestyle, sport.
1:33.2	What is this?
1:35.3	This is art.
	...

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