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

and welcome to Invest in the podcast that's teaching us all about how the best investors in the world and I mean by that

The people who have been investing for many many years with very high rates of return how these people are doing it

Long-term investors that make great, great, great, huge returns, returns that are so high

that the SEC that the academic world just simply don't believe that these returns are even true.

They know they're true.

It's not that they're not true.

They're true. It's just they can't believe that they're not true. They're true.

It's just they can't believe that they're really doing it year after year after year.

Because in the view of modern portfolio theory, which is how your money is invested,

it is impossible to beat the market. And yet these

investors led by Warren Buffett, even before Buffett, Ben Graham who taught

Buffett, and investors that we like to call rulers for Rule 1

style investing focus aggressively on not losing money and by picking

companies that are very underpriced,

they're able to make returns well in excess of 20 to 25 percent per year

year after year after year for decades

when this is thought to be impossible by the by the rest of the

market and so we're really exploring in the podcast how that's done and my daughter

Danielle is here trying to decide if she can make it work for herself, which is what this is all about.

Yes, excellent long introduction.

Thank you.

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