54- Margin of Safety Valuation
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 19 April 2016
⏱️ 47 minutes
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Transcript
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| 0:00.0 | Well, hi everybody, this is Phil Town. |
| 0:05.0 | We're here for the Invested Podcast, where are we talking about |
| 0:11.0 | how to invest and how to get yourself wrapped up in it and be invested in the future |
| 0:16.5 | financial success of your life. |
| 0:19.6 | Invested in the stock market and in yourself. |
| 0:24.0 | And you know what? |
| 0:25.0 | We're actually talking about more than stock market investing. |
| 0:28.0 | We're talking about investing as a, as a, as a, a just a quality of your life that's something you do and know how to do whether |
| 0:38.8 | it's stock market real estate private companies buy a franchise, you know, so that you'll understand always in your life, |
| 0:47.0 | whether you're actually investing or whether you're speculating on something. |
| 0:51.0 | And last time I was trying to convince Danielle that if you don't know if you don't |
| 0:57.2 | understand what you're putting your money into and it doesn't have a durable |
| 1:02.1 | competitive advantage out there and it isn't operated by people |
| 1:05.5 | with integrity who are talented and you're not buying, you don't know the value and you don't know |
| 1:10.2 | if you're buying it on sale. |
| 1:11.7 | You're not investing, you're speculating. |
| 1:13.4 | I mean, no, I agree with that. |
| 1:15.3 | You weren't trying to convince me of, no, just go pick something |
| 1:19.0 | and know nothing about it. |
| 1:20.2 | Of course, that's speculating. |
| 1:21.9 | Thank you for mischaracterizing my position. |
| 1:26.4 | Always frame your argument so you win. |
... |
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