InvestED: The Rule #1 Investing Podcast
481 episodes - English - Latest episode: about 5 hours ago - ★★★★ - 1.5K ratingsPhil Town is a hedge fund manager and author of 3 New York Times best-selling investment books, Invested, Rule #1, and Payback Time. On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week. Subscribe and leave a review. Questions? Email [email protected].
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Episodes
372- From the Vault: Warren Buffett's Inflation Principles
June 07, 2022 09:00 - 26 minutesIn today’s episode, Danielle discussed words of wisdom on inflation shared from the letters of Warren Buffett. In the letters, you’ll learn Buffet’s warnings to other investors that we do not know what will happen with the stock market or the underlying currency, and that long-term fixed interest bonds may not continue to serve as a financial instrument and may even become obsolete. Danielle also digs into Buffett’s points that there may not be a corporate solution to the problem of growin...
371 - An Intro to Netflix
May 31, 2022 19:12 - 15 minutesBefore Phil and Danielle dive into their episode on the interesting environment Netflix poses to investors – and thanks to travel and technical difficulties – this week, Danielle Town is sharing the rundown behind Netflix to share some insightful research on the company and help you better understand next week’s episode. Tune in this week to learn some background on the popular streaming platform and a reminder of the basics of what to look for in a company before investing to ensure you make...
370- From the Vault: Cheryl Einhorn on Decision-Making & Research
May 24, 2022 22:05 - 45 minutesHow do you make a decision about a company with a future that is uncertain, like Netflix? Before diving deep into all of your questions and responses about Netflix next week, this week, InvestED revisits Danielle’s interview with Cheryl Einhorn, the creator of the Area method. The Area method is a decision-making system to solve complex problems, like the question posed above. With years of experience, knowledge, and practice on deciding whether or not to invest in a company with an uncertain...
369- Market Timing and Inflation (Part 2)
May 17, 2022 09:00 - 27 minutesIs it better to be sitting on cash during a period of inflation? How do you find a good company to invest in during an inflationary period? Should you bet against what the Federal Reserve might do? Learn answers to these questions and more in this week’s episode of InvestED. Phil and Danielle are covering their final conversation on the takeaways from this year’s Berkshire Hathaway Annual Shareholders meeting and helping you figure out how to make intelligent investing decisions. Tune in ...
368- Market Timing and Inflation
May 10, 2022 09:00 - 31 minutesWarren Buffett and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including inflation. While there was no massive new idea presented at the meeting, it served as a fantastic reminder of the great financial advice Buffett and Munger have been talking about for years. This week, Phil and Danielle continue their conversation from last week recapping their takeaways and learnings from the meeting, and explaining how yo...
367 - Takeaways from the Annual Berkshire Hathaway Shareholder Meeting
May 04, 2022 09:00 - 39 minutesWarren and Charlie Munger’s annual Berkshire Hathaway Shareholder meeting took place on April 30th and covered a wide range of topics, including Bitcoin, inflation, and recognizing the real intrinsic value of companies. As lifelong learners from Buffett and Munger, Phil and Danielle recap their takeaways and learnings from this year’s meeting and explain how you can use those takeaways in order to succeed with your investments. Learn more about how to successfully and safely invest your money...
366- Is Netflix Worth Investing In?
April 26, 2022 09:00 - 41 minutesHave you ever thought about if it’s really worth it to go big and invest in a company like Netflix? Would they have a strong enough moat to compete against their competitors? In this episode of InvestED, Phil and Danielle debate whether Netflix is worth investing in, considering they have a wide range of competitors. Tune in to understand how to gather the correct information to pick the best companies to invest in and determine if you would consider investing in a large company like Netfl...
365 - Pricing Power (Part 2)
April 19, 2022 09:00 - 31 minutesIn this episode of InvestED, Phil and Danielle continue their discussion about purchasing power and dig through CNN’s list of inflation-proof companies to help you determine the strength of each company’s moat. You’ll learn how to determine how and who to invest in during a period of stagflation to help you avoid debt and truly take control of your finances. Ready to start picking your recession-proof companies to invest in? Use Phil’s Ultimate Stock Market Crash Survival Guide to further he...
364- Pricing Power (Part 1)
April 13, 2022 09:00 - 38 minutesWill wages increase in 2022? How will you find companies that will raise their prices during a recession? In this episode of InvestED, Phil and Danielle discuss purchasing power, the future recession, and the changes in the value of money due to an increase in interest rates. Discover companies that will bring value to your investing practices and are predicted to continue to raise prices. Learn from Warren Buffet’s experiences and study the same basic investing principles. Understand how t...
363- Inflation Proof Companies (Part 2)
April 05, 2022 09:00 - 36 minutesWhat actually causes inflation? Is it the stock market’s decline during a recession and increased interest rates? In this episode of InvestED, Phil and Danielle continue their discussion on inflation, the future recession, and investing in antifragile companies to remain afloat. Learn how you can be successful with your investments, despite a recession making it difficult to do so with companies that have a big, strong moat. Prepare even more for the upcoming recession by downloading a copy o...
362 - Inflation Proof Companies
March 29, 2022 21:30 - 30 minutesOn this episode of InvestED, Phil and Danielle continue the discussion of investing in strong companies, especially during times of uncertainty. Higher prices lead investors to ask if a company's moat will crumble. However, a big moat has a durable competitive advantage and an inflation-proof company brings value to investing in an uncertain investing environment. Tune in to this episode of InvestED to understand more about the importance of value investing and take Phil and Danielle’s advi...
361- Investing in Uncertain Environments
March 22, 2022 20:20 - 29 minutesIn this episode of InvestED, Phil and Danielle take on the topic of investing during uncertain times and markets. Despite the stock market being affected by the world's current events including the war in the Ukraine, according to Phil, an uncertain investing environment is THE WAY to invest. Tune in to this episode of InvestED where Phil and Danielle discuss when and if you should invest in an uncertain investing environment, how to take advantage of lower prices, and how to find antifragil...
Episode 360 - From the Vault: Moat and Processes
March 15, 2022 11:00 - 37 minutesIn thinking about the process of finding wonderful companies at attractive prices, it helps to think of what I call the Four Ms: meaning, management, margin of safety, and moat. This podcast is focusing on moat. Most people know a moat to be the water around a castle but in investing terms, a moat is the durable competitive advantage that a company has that protects it from being attacked by competitors. A moat is what makes a company predictable and allows us to put a value on the bus...
360 - From the Vault: Moat and Processes
March 15, 2022 11:00 - 37 minutesIn thinking about the process of finding wonderful companies at attractive prices, it helps to think of what I call the Four Ms: meaning, management, margin of safety, and moat. This podcast is focusing on moat. Most people know a moat to be the water around a castle but in investing terms, a moat is the durable competitive advantage that a company has that protects it from being attacked by competitors. A moat is what makes a company predictable and allows us to put a value on the bus...
359 - Gap Week: What to expect in future episodes of Invest ED
March 08, 2022 12:00 - 53 minutesThis week, Phil and Danielle are taking a break from the Podcast, but wanted to share what they plan to address next. Next week's episode will focus on making important and intimidating investing decisions while taking current events into consideration. What do you do when you don’t know the future? Should you lean on the least bad of options to make your choice? Tune into the next episode of InvestED to learn more about these topics. If you’re looking for more investing resources until th...
Episode 359 - Gap Week: What to expect in future episodes of Invest ED
March 08, 2022 12:00 - 53 minutesThis week, Phil and Danielle are taking a break from the Podcast, but wanted to share what they plan to address next. Next week's episode will focus on making important and intimidating investing decisions while taking current events into consideration. What do you do when you don’t know the future? Should you lean on the least bad of options to make your choice? Tune into the next episode of InvestED to learn more about these topics. If you’re looking for more investing resources until th...
358 - Ethical Investing and tips from Charlie Munger
March 01, 2022 12:00 - 26 minutesIn this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal. The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US. Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to bui...
357 - Ethical Investing Tips from Charlie Munger (Part 1)
February 23, 2022 12:00 - 31 minutesIn this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal. The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US. Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to bui...
357 - Ethical Investing and tips from Charlie Munger
February 23, 2022 12:00 - 31 minutesIn this episode of InvestED, Phil and Danielle dive into a discussion referencing Investing Guru, Charlie Munger and his Annual Meeting with The Daily Journal. The topic of this meeting is contradicting investing and whether it is ethical to invest in countries who have different strategies than those of the US. Tune in to this episode of InvestED where Phil and Danielle debate on Morals vs Money. Is it okay to invest in a company whose morals are different from your own? Learn how to bui...
356 - Investing Lessons We Can Learn from Peloton (Part 2)
February 15, 2022 12:00 - 27 minutesIn the last episode of InvestED, Phil and Danielle discussed lessons we can learn from Peloton’s ups and downs as investors. Continuing on that conversation, Phil and Danielle dive deeper into researching Peloton to determine the success of the company in the stock market by calculating the strength of its moat. Tune in to this episode of InvestED for their final thoughts on how to interpret whether a company is worth investing in, given the state of the stock market, current assets and l...
355 - Investing Lessons We Can Learn from Peloton (Part 1)
February 08, 2022 13:00 - 35 minutesOver the last couple of weeks, Phil and Danielle have discussed how to invest for success despite fluctuations that may arise. In this episode of InvestED, they use the example of Peloton’s stock history to highlight why the Rule #1 method of Investing is the best tool you can use to find long-term success, despite fluctuations. From understanding what a moat is, and identifying Peloton’s Moat, to having a good idea of a company’s financial and management situation prior to investing, tun...
354- The Fed & Inflation (Part 2)
February 01, 2022 13:00 - 15 minutesFollowing their discussion about the Federal Reserve from the last episode of InvestED, this week, Phil and Danielle Town dig deeper into inflation. From discussing how the Federal Reserve used to calculate inflation, to understanding all of the nuances to the way it’s calculated now, tune in to this episode of the InvestED Podcast to gain a better understanding of what the current inflation rate is and what it means for the world economy. To stay prepared for any changes in inflation or to t...
353- The Fed & Inflation (Part 1)
January 25, 2022 13:00 - 25 minutesA few episodes ago, Phil and Danielle talked about the future of the market – how it’s changing, where it’s going, and what would happen if interest rates go up. Continuing on that conversation, tune in to this episode of InvestED where Phil and Danielle dig into what would happen if the Federal Reserve raises interest rates and how much they could raise them without crushing the economy. And, don’t miss as they start discussing changes in inflation. To stay prepared for any changes in infla...
352- Your Margin of Safety - How Close is Close Enough?
January 18, 2022 22:05 - 36 minutesThe Rule #1 Investing method is a lot of research and waiting for the right time. But when is the right time? Is it okay to compromise somewhere throughout your journey? This week on InvestED, Phil and Danielle discuss using the “margin of safety” when looking to buy their stocks. Truth is, while the Rule #1 Investing Method will put you on the right track, there’s still so much opportunity to be flexible depending on your own situation and values. Tune in to learn how to define your margi...
351- Making Sense of the Markets
January 11, 2022 13:00 - 28 minutesIs there a change coming to the market? Whether you believe there is or not, knowing when and how to invest can be a confusing and overwhelming process for some. But there’s one way to feel certain and confident about your investment decisions: Investing the Rule #1 Way. Join Phil and Danielle Town as they dive into the history of the market, what to expect of it in the future, and why value investing will allow you to feel confident and stable with your investments during market fluctuati...
350- How Investing Works
January 04, 2022 20:50 - 38 minutesIt may not be fast or flashy, but the Rule #1 way of investing that Phil and Danielle have been following for more than 7 years works for a reason: those who follow the Rule #1 way actually understand the strategy of how to invest instead of gambling on getting lucky. While there are many ways to successfully invest, Phil and Danielle run through the positives and negatives of each in this first podcast episode of 2022. Tune in as they also walk through the history of the market, how it can...
349- Rule #1’s 2021 Year in Review
December 28, 2021 13:00 - 15 minutesThis year has been quite the rollercoaster for many of us. We’ve all been through a lot and we continue to face the constant changes that life throws at us. But, when you put in the effort to find that one thing in your life that allows you to transcend and pull back from what is truly happening in the world, you’ll be able to find yourself at peace. This week, Phil and Danielle Town take a look back on 2021 and reflect on everything that has happened. They discuss how to be your best self ...
348- Betting with Options
December 21, 2021 13:00 - 34 minutesLast week, Phil and Danielle talked about one of the two extremes of Warren Buffett’s Investing strategies: Net-Nets. This week, the investing duo discusses the other extreme: Options. As the market started booming again post World War II, Buffett found the Net-Net strategy to be extremely difficult, so he transitioned to trading options – a riskier, but higher return strategy. Tune in as Phil and Danielle explain everything you need to know about options trading, why it should not be cons...
347- The Net-Net Strategy Explained
December 14, 2021 13:00 - 33 minutesThere are two extremes of Warren Buffett’s Investing Strategies, and one of those extremes is Net-Nets. The Net-Net Strategy was actually developed by economist Benjamin Graham, who Buffett studied under after graduating from Columbia. The Net-Net strategy is generally seen as an extremely conservative investment strategy, and after following it throughout the great depression, Benjamin Graham saw extreme success. Join Phil and Danielle as they dive deeper and explain the history of Net-Net...
346- Investing Checklist Logistics - Part 2
December 07, 2021 13:00 - 41 minutesAfter walking through the first few steps of the Investing Checklist -- Munger’s 4 Principles, Ackman’s 8 Point Checklist, basic valuation, and research -- what comes next? A good place to start is by choosing a company or industry that’s relatively easy for you to understand and practice digging deeper in research using the checklist...even if you don’t end up investing in that company. Join Phil and Danielle as they continue their conversation about the Investing Checklist Logistics to di...
345- How and Why to Know When You’re Right
December 01, 2021 15:33 - 36 minutesSometimes the best thing you can do when it comes to investing successfully is nothing...at least until you know you’re 100% right about where you’re about to put your money. This week on InvestED, Phil and Danielle discuss the critical step to take after you’ve made it through the Investing Pyramid and before diving deeper into the investing checklist: Having Patience & Staying Simple. It’s no secret how effective the Rule #1 Investing Strategy is, and it’s because Rule #1 Investors do two ...
344 - Investing Checklist Logistics - Part 1
November 23, 2021 13:00 - 35 minutesSo you’ve made it through the first two steps of the investing pyramid and are now wondering what comes next? In this episode, Phil and Danielle walk through the first few steps of the Investing Checklist, explaining the importance of basic valuation, company research, and how your decision to include a company in your portfolio should be an iterative process. You’ll also learn about helpful resources Phil, Danielle, and Rule #1 Workshop attendees use to see success, which are also linked bel...
343- The Investment Checklist Pyramid
November 16, 2021 13:00 - 33 minutesWhen it comes to finding the right investments for your portfolio, there are a few steps you should take in order to make sure you’re making the best decision. These steps include understanding the business you’re interested in adding to your portfolio, finding a rational, trusted partner to bounce ideas off of, and completing each level of the 3-step investing research pyramid. This week, Phil and Danielle Town break down all points of research you should consider and explain the 3-step inve...
342- Invest at Your Own Speed
November 09, 2021 10:00 - 33 minutesWhen it comes to investing you should never go faster or do more than what you’re ready for. If you do, you’re going to crash. Phil and Danielle discuss the importance of taking small steps and being patient with your comfort in investing in order to see success. Taking your ego and hubris out of your investing process is going to be critical to success. While you may be excited and sometimes feel like you’re ready to take a big step when it comes to your portfolio, always be sure to take a s...
341- Understanding Debt and the Unexpected
November 02, 2021 12:00 - 34 minutesDebt matters. So how do you find the value of a company you want to invest in if they’re carrying around debt? Stemming from a conversation about the role of debt in Liberty Media Corporation’s purchase of Formula One Racing from last week’s episode, Phil and Danielle dive deep into a conversation about how to use the 10 cap formula to accurately find the true valuation of the company you’re investing in, even when they’re carrying around debt, to ensure you’re making the right investment de...
340- Investing Lessons from Formula 1: Understanding What You Really Own
October 27, 2021 12:07 - 37 minutesSo you invested in a business...but do you know who ACTUALLY owns that business? Do you know what the management is like and how that can drastically affect the success of your investment? For sports fans — especially racing fans — Formula One Racing (owned by Liberty Media Corporation) seems like an attractive stock to add to your portfolio, as it’s one of the few opportunities to invest in sports. As Phil returns from the United States Grand Prix, he and Danielle reflect on the sport grow...
339- The Investing Checklist in Real Life
October 19, 2021 20:50 - 32 minutesBuying stocks is not something that should be taken lightly. Selecting which companies to buy can make or break you as an investor. Before you buy shares in a company, it is essential to thoroughly investigate that company’s mission, management, goals, outlook, and fundamentals. Think of it this way: you would never buy 100% of a company without thorough due diligence, and, likewise, you shouldn’t buy a small percentage of a company without doing the same. You can do your due diligence by ...
338- Stick to the Investing Checklist!
October 12, 2021 12:00 - 35 minutesRule #1 has been the basis of excellent investing for the last 80 years by successful investors like Warren Buffett, and it will be the basis of excellent investing 80 years from now. First, understand that Rule # 1 literally is “Don’t Lose Money,” but what it means in practical terms is to invest with certainty. Certainty comes from this: buying a wonderful business at an attractive price. The word “wonderful” actually encompasses three out of four elements in the Four Ms. This is a part...
337- Checklist Inversion
October 05, 2021 12:00 - 39 minutes“Invert, always invert” — Charlie Munger If you want to really be a great Rule #1 investor, you must have an investing strategy in place to help guide you. You must create a story for the company you want to invest in and determine why this is a great company. Once you have that story, invert it by flipping to the opposite point of view. You should try to create the argument that this investment isn’t the best idea, and if you can’t, then that is a sign that you don’t know enough about th...
336- Investing Checklist Takeaways
September 28, 2021 18:57 - 14 minutesIf you’re doing it right, investing in the stock market is much more than picking a few companies, buying a few shares, and hoping for the best. Smart investors are those that are disciplined and have an investing strategy in place to help guide them as they go along with their investment choices. And that includes having a checklist to help you make important investing decisions. Rule #1 investors like to use the Four Ms checklist. They tie into the strategy of, “Buying wonderful business...
335- Rule #1 Event Checklist - Part 2
September 21, 2021 12:00 - 33 minutesWhy do stock market events cause stocks to go on sale? Let’s say that cotton prices start to go nuts because of the Arab Spring. Maybe they’re not going to harvest Egyptian cotton crops, so cotton prices go from $1 to $3. The guys who own companies that depend on cotton prices to be low look at the price and say, “Oh no. It’s going to take over a year before cotton prices come down, I need to get out of this company.” This happens even if there isn’t anything wrong with the company, it’s j...
334- Rule #1 Event Checklist
September 14, 2021 22:34 - 38 minutesThe key to finding stocks on sale is to wait for a Rule #1 event. What’s a Rule #1 event? It is when something happens that affects the entire market and makes the stock price of a good company drop far below its real value. This could be a recession, a pandemic, an election — you name it. Remember, the stock price doesn’t reflect the actual value of the company. We know that the company’s price will bounce back in time, and because we take a long-term approach to investing in stocks, we a...
333- Invest in What You Love!
September 08, 2021 00:23 - 38 minutesWhen it comes to investing, conventional wisdom says to hand your money over to a financial advisor and let them diversify your investments for you. Why think too much about where your money is going if you don’t have to? But there’s a problem with that mindset: your values matter and you should be investing in what you love. Consistently pouring your life and efforts into the things you care about — that matters. As much as 85% of the stock market is controlled by small investors. Imagine...
332- Warren Buffett's Inflation Principles
September 01, 2021 02:05 - 25 minutesIn today’s episode, we discuss some words of wisdom shared from the letters of Warren Buffett. There is one concept in particular that we can take from these letters that still applies today, and that is inflation. First, we focus on Warren Buffett’s 1979 letter, where inflation rose to 11.2% in the United States. Buffett decided to write about this in the letter along with larger financial issues in the macro-economic world. He starts by telling other investors that we do not know what will...
331- From the Vault: Rule of 72
August 24, 2021 12:00 - 39 minutesThe Rule of 72 is a simple equation to help you determine how long an investment will take to double, given a fixed interest rate. It’s a shortcut that you, as an investor, can use to estimate if an investment will double your money quickly enough to be worth pursuing. When you see how quickly your money can double, you’ll understand the power of compound interest. Compound interest is what makes you wealthy over time; the longer your money is invested, the more it grows. But, how? As you...
330- From the Vault: Investing in Commodities - Part 2
August 17, 2021 12:00 - 41 minutesPhysical commodities are investments that you can physically own, such as gold, silver, natural gas, and oil. Take gold, for example. The price of gold rises and falls, depending on the demand. Demand tends to go up only when people are feeling afraid or uncertain about the future. The problem with investing in gold is that you can’t accurately predict what the demand will be at any particular time. That makes investing in gold more like gambling than like smart investing. If you really w...
329- From the Vault: Investing in Commodities
August 10, 2021 12:00 - 40 minutesPhysical commodities are investments that you physically own, such as gold, silver, natural gas, and oil. A commodity stock has several key attributes: Its products compete primarily on price, but it is not a low-price competitor. Its products are the same as another company’s products. It has no brand identification. It can’t raise its prices with inflation or increasing costs. Let’s take gold for example. The practice of investing in gold goes way back, but that doesn’t necessari...
328- Valuation Checklist
August 03, 2021 12:00 - 33 minutes“Sticker price is what I call the value of the business.” — Phil Town Why does Phil call it the Sticker Price? You know how you have a sticker on the window of a new car and it tells you what the price of the car is, and you never pay the Sticker Price? That’s why we named the value of the business the “Sticker Price.” Rule #1 investors never pay the Sticker Price. They always want to buy it at a significant discount to its true value. How do you find the Sticker Price? That’s the critical...
327- Phil’s Investing Checklist Review
July 27, 2021 12:00 - 31 minutesWarren Buffett said, “Be certain,” and here’s how you’re going to be certain. If you buy a wonderful business at an attractive price, you’re certain to make money. It’s essentially like buying a $10 dollar bill for five bucks. You focus on a couple of key things to make sure you know what you’re getting. So, what is a wonderful business? A wonderful business is understandable, and we’re passionate about it. We call that the meaning of the business. It’s durable, we call that the moat. Like...
326- Bill Ackman’s Investing Checklist Part 3
July 20, 2021 12:00 - 32 minutesWilliam Albert Ackman is an American investor and hedge fund manager. He has a well-known 8-point investing checklist, which is straightforward and reflects the basic principles of Rule #1 Investing. That checklist includes only investing in simple and predictable businesses with a dominant market position, limited risk, a strong balance sheet, excellent management, high return on capital, free cash flow generative, and large barriers to entry. Sound familiar? There’s a lot of talk in the ...