Hey everybody this is Phil Towne this is Bill Towne this is Danielle Towne

and we're here for the Invested Podcast and we're just really happy to welcome you

guys to an education in investing in

all kinds of companies, public, private, real estate, all sorts of businesses. that's true. Yeah we're following the same formula.

The same formula as what? As Warren Buffett follows Charlie Munger, I mean, Buffett probably owns more private companies than he owns public companies, and he owns real estate and he owns farms, and all of them are on the same formula.

Formula I've been using for a long, long time ever since you were a little kid.

Yeah, I mean it's a good point. You can use this stuff for more than just publicly traded companies.

But I know I'm focusing on publicly traded companies. So that's why I've been focusing on it on the podcast.

Well, they take a lot less physical moving around, right?

When you're looking at real estate, you've got to get out there and take a look at it most of the time.

And same thing with private companies, you got to go kick tires because they don't have as much disclosure. Public companies you can do it almost entirely. Actually you can do it entirely from your private office or your home or

your bedroom or wherever you want to do it.

Yeah.

The information is all online.

Yeah, well and also those other things require deals to be made.

And that takes a lot of time, and it takes,

sometimes it takes being an accredited investor.

So public companies are often the way to go.

And sometimes it takes a lawyer.

Yeah, sometimes it takes a lawyer.

Danielle does those deals sometimes.

So that's true.

...