Hey everybody this is Phil Towne this is Phil Towne this is Danielle Town and

welcome to the invested podcast where we talk about how to invest in public companies mostly but everything we're learning here

applies to all sorts of investing including real estate including...

Yeah that's actually the cool thing about it that I've learned is that you've been telling me it applies to all sorts of different things not just public companies.

Yeah, I mean you've already been a successful real estate investor.

Congratulations.

Thank you.

Because I bought a cotto and sold it.

Yep, you did.

And now you're learning numbers to apply to, you know, in general in real estate investing that you can do other real estate

with if you want to down the road or farm properties or something like that.

It's true I've been really surprised at how much this rule number one

investing stuff has applied to non public company stuff. I mean obviously

it would have also applied a private stuff, private company stuff, but also just like looking around like what kind what's the value of things you know what's the value of like that random

Conclomorate down the street like I don't know I'm just finding interesting funny ways that it's coming up.

It's pretty intuitive I think that to think like a rule one investor I mean if we

were to go out and buy old cars that say old classic cars, we could do it as a speculator where you would buy the

car hoping that it would go up in price, in which case you probably are going to pay

top dollar, right?

You get a very nice car

buying it at full retail and you're holding it with the expectation that it'll go up in

price that's like people buy art like that all the time right they're

...