Hi everybody this is Phil Town this is Phil Town this is Danielle Town

we're here for the Invested Podcast where we are going to learn Warren Buffett style value investing, also known as rule number one

style investing, where we focus on a few critical things that you need to know in order to build a portfolio a lot

faster potentially than you can by just putting your money in a pile of diversified

things you don't understand.

So by building a portfolio you mean like making money.

I mean making money.

Not buying a bazillion stocks as quickly as you can.

Exactly. It's more an entrepreneurial enterprise.

It is more in the sense of, I am going to learn to be good at this thing and I'm going to build, I'm going to own a business in this thing that I've learned.

And then as I've learned more as I own this business, I can expand my business

into industries that are similar to this one. So for example, a Chipotle Mexican grill,

I'm gonna start by getting really good at burritos.

But once I've really figured this out,

I am going to then open a Chinese food version of my burrito business.

Oh.

See what I mean?

I was imagining myself like making a burrito and I was I thought I'm pretty good at making burritos.

And by the way how would you decide if you were thinking seriously as an entrepreneur

about owning let's say a natural quick food restaurant like Chipotle.

I don't think you can get a Chipotle franchise, but if you could, you would be looking at it,'d say okay. What should I do a friend of mine

Shout out to Brent Hamill who's tremendous guy got to play

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