82- Back to Basics: Finding the Moat(Part 3)
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 1 November 2016
⏱️ 56 minutes
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| 0:00.0 | Hey everybody this is Phil town |
| 0:06.5 | this is Phil town |
| 0:07.5 | hey guys we're here for the invested podcast where we're gonna talk about how to learn how to invest in lots of things |
| 0:17.0 | starting with stocks. We're talking about the Warren Buffett Rule Number One style of investing. |
| 0:25.1 | Right, Dad? |
| 0:26.1 | That's right. |
| 0:27.1 | The Warren Buffett Rule Number One style, which encompasses, as we've said many times, |
| 0:31.9 | everything that you invest in because it defines investing as a certain |
| 0:37.0 | set of structures, a certain kind of way of doing it that would apply to real estate, franchising a McDonald's store, buying a private |
| 0:47.1 | company, a laundromat down the street by picking up a gas station, a stop and go by buying a regular company out there that's on the public market. |
| 0:57.0 | All those. |
| 0:58.0 | You made a point of saying this last time as well. |
| 1:01.0 | Why is this on your mind that you're trying to you know sort of remind everybody |
| 1:06.4 | all the different things one could invest in well because I think it's important |
| 1:10.5 | to start to realize that investing is investing and it's a certain kind of thing that it |
| 1:15.0 | does that it doesn't matter the asset type that the that this the strategy of investing |
| 1:22.4 | stays true whatever the asset type is that |
| 1:26.1 | you're going after because a lot of people think real estate is different than |
| 1:29.7 | stock investing and are comfortable with real estate and not comfortable with stocks and |
| 1:35.7 | that distinction should not exist in your head. |
| 1:40.6 | What should exist is that you're comfortable with certain kind of businesses and |
| 1:44.6 | uncomfortable with other kinds of businesses and that's totally legitimate. |
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