meta_pixel
Tapesearch Logo
Log in
The Pulte Podcast

The Secret That Wealthy People Know About Stocks

The Pulte Podcast

Bill Pulte

Business, Careers

523.7K Ratings

🗓️ 19 May 2021

⏱️ 3 minutes

🧾️ Download transcript

Summary

In this short episode, Bill Pulte talks about how wealthy people think about stocks and how they invest in them the RIGHT way.

Transcript

Click on a timestamp to play from that location

0:00.0

Come on in, come on in everyone.

0:01.6

I just wanted to get on real briefly and talk about what most people do not understand

0:08.2

with regard to owning a stock.

0:11.6

What is a stock?

0:12.6

Well, from my perspective, the one thing that people don't know about owning a stock is

0:18.1

that when you buy a stock, you are actually buying a piece as long as you buy a good one

0:23.9

in something.

0:25.3

You can call it whatever you want.

0:26.8

You can call it a business.

0:28.1

You can call it whatever you want.

0:29.9

You are buying a piece of a business that is generating cash.

0:35.3

Why is that important?

0:36.3

It's important because a lot of times people just think of stock prices as things that

0:41.0

just go up and down, up and down, up and down.

0:44.2

Warren Buffett had a great saying, which he said basically that, and I'm going to butcher

0:49.0

his words a little bit, but he basically said that the stock market is like a manic depressive.

0:54.4

They come in every day.

0:55.5

They have different behaviors.

0:57.6

Nothing really makes sense.

0:59.2

And so I want to reframe the way that you think about a stock when you buy a stock.

1:04.6

I'd like you to start thinking about it in terms of you're buying a business that is

1:08.3

cash flowing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Bill Pulte, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bill Pulte and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.