78 - Back to Basics: Are You Capable of Understanding the Business?
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 4 October 2016
⏱️ 45 minutes
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| 0:00.0 | Hey everybody this is Phil Town this is Phil Town this is Janie Town and we're |
| 0:08.0 | here for the Invested Podcast where we are teaching fantastic stuff about investing we're teaching fantastic stuff about investing in a way... |
| 0:13.6 | Or do you fantastic stuff? |
| 0:15.3 | Yeah, it is. |
| 0:16.3 | You're teaching fantastic stuff. |
| 0:18.1 | You're starting to teach fantastic stuff, I think, a little bit. |
| 0:20.9 | I have like three original ideas I think. |
| 0:23.4 | It's pretty cool and I am excited that you are coming along as a neophyte |
| 0:29.2 | investor as a novice you're getting into it. |
| 0:31.8 | I'm totally getting into it actually which is not |
| 0:34.0 | something I ever thought I would say but I am totally getting into it like I feel like |
| 0:39.0 | this is actually adding to my life and you've made some investments now and have dealt with the nervousness of just actually doing it with real money. |
| 0:48.0 | Yeah, well, I haven't mentioned that on here yet, but we need to do actually like a probably a whole episode on the |
| 0:55.0 | experience of buying a company. We will and I will say that these were it was a bit |
| 1:00.4 | of a nightmare guys these were just waiting into the emotion of it. |
| 1:05.1 | That's right. |
| 1:06.4 | So we'll get to that. |
| 1:07.8 | That's fun. |
| 1:08.3 | But we're not going to get to that today. |
| 1:09.4 | We're talking about, because we're back to basics, Dad. |
| 1:11.7 | Really back to basics with Charlie Munger. Yes and so so we are on part three of an unknown part series. Yeah, but this is part three We're moving along. Yeah. We've done two on |
| 1:26.7 | finding companies. Where we kind of talked about the three circles as a way to get into the |
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