InvestED: The Rule #1 Investing Podcast

The podcast is taking a break this week, but Danielle checks in briefly to share her thoughts on the loss of one of the investing world’s titans as Berkshire Hathaway’s Charlie Munger passed away this week at the age of 99. Rule #1 owes a debt of gratitude to Charlie and the wisdom he’s contributed to the investing community over the past several decades. The legacy he leaves behind—from his outsized impact on the business world to the Mungerisms he was so fond of sharing—will be irreplaceable to those who looked to his guidance in their practice of value investing. For a peek into some of the sharpest minds that the field of investing has to offer, click here for Rule #1’s free guide to The Best Investors in the World: https://bit.ly/3DhbmIS Topics Discussed: Charlie Munger Learn more about your ad choices. Visit megaphone.fm/adchoices

Venturing into investing often feels nerve-wracking due to uncertainties in financial markets and the fear of potential losses. Value investing, when done properly, stands out as a reliable approach due to careful assessment of the true worth and long-term growth potential of investments. By conducting thorough research and understanding the genuine value of investments, value investing offers a sense of security that traditional trading cannot. It's a method rooted in solid evaluation, making it a less intimidating option for those uneasy about the inherent unpredictability of investing and seeking a more stable approach. This week, Phil and Danielle follow up the Thanksgiving holiday with a discussion on the importance of having a grateful attitude, and how being cognizant of the advantages and resources available to many who venture into this practice can have a positive effect on your mental (and financial) well-being. If you’re feeling hesitant to take the plunge into the world of value investing, don’t miss your free copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUAR Topics Discussed: Fears about investing Retirement planning Swiss vs American social programs Societal factors impacting social mobility Ben Graham Value investing’s track record Importance of being grateful The power of the internet in investing Internet deserts Resources Discussed: A Random Walk Down Wall Street Starlink Learn more about your ad choices. Visit megaphone.fm/adchoices

This week’s brief check-in comes as Americans in the US and around the world prepare for one of the country’s greatest traditions, Thanksgiving Day. Families everywhere are braving busy airports, clogged interstates, and crowded kitchens as they come together to give thanks, eat large amounts of food, and digest in front of the annual gridiron classics. We here at InvestED want to wish all of our listeners a safe and happy Thanksgiving break, and Phil and Danielle will be back next week to discuss food comas and all sorts of topics related to the exciting world of value investing. To catch up on all of the must-listen episodes from our back catalog and get better connected to the world of Rule #1 Investing, click here for the Best of InvestED: https://bit.ly/3MUOiFn Topics Discussed: Thanksgiving traditions for expats Food traditions Solo holiday tips Learn more about your ad choices. Visit megaphone.fm/adchoices

What exactly constitutes a “mistake” when it comes to your investing practice? Is it any time a company doesn’t pan out the way you thought it would, or is it simply when something causes you to break Rule #1 and lose money? While fear of being “wrong” on a position can be paralyzing for some, being willing and able to adapt to constantly shifting market conditions is a must for anyone looking to wade into the world of investing. This week, Phil and Danielle talk about what it means to “get it wrong” in your investment practice and how that should (or shouldn’t) influence your decision-making process. For more thought-provoking or debate-inspiring quotes from one of the world’s best investors, click here for the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL Topics Discussed: Durable competitive advantage Mistakes vs. normal market occurrences Investing mindset Fear of failure in investing Understanding and preparing for risk Resources Discussed: Rule #1 Investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Founders are vital to a company's success due to their passion, deep understanding of the business, and ability to make agile decisions. Their personal stake in the company aligns their interests with shareholders, fostering commitment to long-term value creation. For investors, recognizing the importance of founders is crucial. Founder-led companies tend to be more resilient and innovative than their competitors while having a unique focus on lasting success. Their leadership often results in strategic advantages, making such investments more attractive to value investors. This week, Phil and Danielle discuss why having a central figurehead can be extremely valuable for companies, and how having the wrong person in such a crucial role can hamstring even the most promising of organizations. To learn more about ways you could improve your own investing practice, click here for the Rule #1 Investing Personality Quiz: https://bit.ly/468F8eW Topics Discussed: Indian Wells, CA Rebuilding VW engines Shake Shack Danny Meyer Sanderson Farms Apple in China Succession planning Resources Discussed: Seven Samurai Eleven Madison Park Learn more about your ad choices. Visit megaphone.fm/adchoices

Going public with a company, while often seen as a significant milestone, comes with several risks. The increased regulatory and compliance requirements can be burdensome and costly, and publicly traded companies must adhere to strict reporting standards which demand substantial time and resources. Going public also exposes a company to scrutiny from shareholders and the public at large, which can bring heightened pressure to meet short-term financial targets at the cost of long-term strategic decisions. All of this weighs heavily into the consideration of whether or not a company should pursue an IPO. After several weeks of discussing penny stocks, Phil and Danielle explore the reasoning behind why some companies choose to make this move while others are content keeping ownership private. Make sure you’re covering all of your bases when looking to invest in a new business by getting your free copy of the Rule #1 Must-Have Investing Checklist: https://bit.ly/49bSWZ7 Topics Discussed: Listing a company in US stock markets Microcap stocks Megacap stocks Raising capital for new businesses Pacific Exchange Resources Discussed: Shake Shack Rule of 72 Learn more about your ad choices. Visit megaphone.fm/adchoices

The abundance of unlisted companies available to buy into is a complicated resource for investors. One one hand, the opportunity that comes from smaller stocks being overlooked could lead to incredible results from unlikely sources, but the potential for staggering losses is equally high in this volatile market. For those willing to dig into the thousands of pink sheet stocks and do the necessary due diligence, the penny stock market can be a gold mine of prospective businesses that don’t get attention from the vast majority of investors. However, this entirely hinges on avoiding the countless scams and schemes that plague these unlisted stocks. This week, Phil and Danielle return once again to the topic of pink sheet stocks and why they may or may not be worth your time and attention as a value investor. If you’re in the early stages of your investing journey, don’t miss out on your free copy of The Complete Guide to Investing for Beginners: https://bit.ly/3MBzewf Topics Discussed: Pink sheet stocks vs. OTCBB stocks Reverse stock split Issues of scale/accessibility Resources Discussed: Got something you’ve been wanting to ask Phil and Danielle? Send it to [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

For many uninitiated or inexperienced investors, the idea of trading inexpensive stocks can seem like a low-risk way to break into the world of investing. However, while the price tag on penny stocks may be easier to swallow than those of blue chip stocks, the relative risk is far greater than the risk of buying into a well-established company. There are ways to approach investing at this level, and with the Rule #1 approach towards researching investments and analyzing price vs. value, the risk of speculation diminishes greatly when we’re buying into a company that we truly believe in. On this week’s episode of InvestED, Phil and Danielle come back to the topic of penny stocks and discuss why the fundamentals of value investing can be applied to the smallest of companies in addition to the behemoths. To understand more about the potential and reliability of a company you’re researching, click here to get your copy of the Big 5 Numbers Guide: https://bit.ly/3psMESQ Topics Discussed: Price volatility Boiler rooms Bid/ask Activision/Blizzard acquisition Chick-Fil-A John Elway’s car dealerships GameStop Resources Discussed: The Wolf of Wall Street r/wallstreetbets Learn more about your ad choices. Visit megaphone.fm/adchoices

Before purchasing a company, Rule #1 Investors conduct extensive research to ensure that the company they intend to acquire aligns with the four key principles laid out by Charlie Munger. These principles are meaning, moat, management, and margin of safety. In this week's Vault episode, Phil and Danielle return to the topic from last week’s listener question to dive into a discussion about the distinction between investing and speculating. They also take a closer look at the concept of "risky investing" and why Rule #1 considers the term an oxymoron. To see how your investing knowledge stacks up and find ways to improve your approach to the practice, click here to take the Rule #1 Investing IQ quiz: https://bit.ly/3Faf7ks Topics Discussed: Buffett and Munger Depression-era investing The value of good management Venture capital Equity bonds Investing vs. gambling Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it possible for investors to achieve solid returns without exposing themselves to substantial risks? This is the fundamental principle behind Rule #1 Investing. While many people look at investing as something akin to gambling, being a conscious value investor is vastly different from speculating, where the high risk is a fundamental aspect of the process. In this week's Vault episode, Phil and Danielle delve into the distinction between being an investor and a speculator, highlighting just how crucial it is to truly grasp the nature of your investments. For an exercise that can help simplify your investing research process, click here for The “3 Circles” Exercise Guide: https://bit.ly/3LOexg2 Topics Discussed: Zürich pronunciation Investing/Sports analogies Investing as ownership Stocks vs. bonds Strategy for recessions Getting out early vs. late Making money vs. preserving money Learn more about your ad choices. Visit megaphone.fm/adchoices

Penny stocks can seem tempting to some investors due to their low cost and potential for quick gains, but they carry significant risks and are often manipulated due to the light regulation they see from the FCC. It’s hard to argue that a low cost of entry and the potential for high returns aren’t tempting, but the illiquidity of penny stocks and their heightened potential for fraud tend to be warning signs for value investors. On this episode, Phil and Danielle share their opinions and experiences related to the penny stocks side of their investing journeys. For help in finding the right businesses to see your investments generate consistent returns, click here to get your free copy of How To Pick Stocks: The 5-Step Checklist: https://bit.ly/3ros8mU Topics Discussed: Surgery Penny stocks Netflix Fair Use Colombo Family fraud case Penny stock liquidity problems Microcap fraud Resources Discussed: The Wolf of Wall Street Barbie Learn more about your ad choices. Visit megaphone.fm/adchoices

After weeks of teasing the topic, our hosts look back on their summer trip to Iceland in search of adventure and a better understanding of the lives of their ancestors who immigrated to North America generations ago. Join Phil and Danielle as they recap their captivating journey through the stunning landscapes of Iceland on a quest to explore where their ancestors once called home. Journeying over land and water, from hot springs to breathtaking fjords, they traced the footsteps of their forebears to discover the stories that connect them to that land of fire and ice. If you’re looking ahead to your future and thinking about living or vacationing in far-off, exotic places, click here for the Rule #1 Retirement Calculator to see if you’re prepared for life after work: https://bit.ly/3Zkye4F Topics Discussed: Icelandic ancestry Touring Iceland Lifestyle of Icelandic homesteaders Risks of investing vs living off the land Resources Discussed: Íslendingagbók North Iceland tours with Thor Learn more about your ad choices. Visit megaphone.fm/adchoices

For people outside the world of finance, the difference between value investing and trading stocks can be difficult to break down. This is further complicated by many of our financial institutions relying on outdated theories and principles to prepare new investors as they begin their investing practice. The Rule #1 method puts a focus on buying into a company at a discount based on fundamental analysis and holding it until the market reflects its true value, while simply picking stocks relies heavily on taking advantage of short-term fluctuations to capitalize on market movements. The risks of day trading are far greater than that of responsible value investing. Join Phil and Danielle as they break down the disparities between these approaches, explain the philosophy behind Rule #1, and struggle to remember names of what they’re discussing. The key to value investing is buying the right company at the right price—for some sound guidance on finding the perfect investment, click here for your free copy of The Four Ms for Successful Investing: https://bit.ly/3LhVUAR Topics Discussed: Stock investing vs. value investing Modern portfolio theory Price vs. value Overthinking in investing Institutional imperative Multilevel Marketing Responsibilities of corporate governance The importance of due diligence Learn more about your ad choices. Visit megaphone.fm/adchoices

Happy Labor Day to all of our listeners! We'll be back next week with a full episode, but for this week we hope that everyone's enjoying these last days of summer and appreciating the workforce that allows our investments to flourish. If this change of seasons has you reevaluating your investing practice, click here to get our 12-Month Financial Success Planner: https://bit.ly/45AP6Xh Learn more about your ad choices. Visit megaphone.fm/adchoices

In a world where low costs are the primary motivating factor for a large portion of consumers, big box stores have found a major foothold in many markets around the world. On the surface, this can seem like a win for people who need access to affordable goods, but the reality is that the practices of the warehouse giants can stifle competition and create monopolistic environments that end up harming the communities they claim to serve. As more shopping moves to the internet and the big box stores continue to streamline their operations with the help of big data, countless mom-and-pop stores are continuing to go under due to the inability to compete with the massive resources of this corporate competition and the stifling effect of regulations that these giants lobby for. In this week’s episode, Phil and Danielle discuss the ethics and implications of investing in these big box retailers, and what their success means for the business community at large. Comprehending a company’s market capitalization can help you make smarter investing choices—click here for your copy of Understanding Market Capitalization, our guide which can help you navigate this important and complex metric: https://bit.ly/44p1xE9 Topics Discussed: Research tangents Ethics of big box stores Activist intervention Ag-gag laws Predatory pricing Big box inflation The waterbed effect Microsoft monopoly lawsuit Tulsa dollar store ordinance Learn more about your ad choices. Visit megaphone.fm/adchoices

When we boil down value investing to the absolute basics, the goal is to pick great companies that will maintain a high level of profitability over the long term—couldn’t be simpler, right? In reality, there are an enormous number of factors that can affect whether or not a company is successful, especially in a capitalist system where they have a high degree of freedom to operate without being hamstrung by regulations. While competition is an important feature in capitalism, it can also sap profitability from businesses when too much of their output is focused on separating themselves from their rivals. The key is finding businesses that have unique qualities that allow them to rise above the competition and carve out their own niche within their industry. Join Phil and Danielle as they discuss the various ways companies find an edge in the cutthroat world of international big business, and how investors can use the data and tools available to discern who might come out on top. If your investment research could benefit from tools that can help to simplify and streamline the process, click here for our free Rule #1 Investing Calculators: https://bit.ly/42dBHSn Topics Discussed: Conditions under which companies can succeed Imperfect competition Swiss house cleaning customs Moat vs competitive advantage Calculating return on capital Tangible vs intangible assets Resources Discussed: Glanbia Lululemon Sephora Learn more about your ad choices. Visit megaphone.fm/adchoices

In the global market of the 21st century, more and more investors are looking overseas in order to find promising opportunities that might be unknown in their own countries. While there are many upsides to finding relatively untapped markets, this requires a comprehensive understanding of economic trends, regulatory frameworks, cultural nuances, and geopolitical factors that can impact investment outcomes. While all of these factors can seem intimidating for those looking to buy into foreign companies for the first time, it’s not an impossible task by any means – after all, companies in every country exist for the same reason: to make money. This week on InvestED, a slightly worse for the wear Phil and Danielle dig into the process of researching a foreign company that was mentioned in previous weeks Whether you’re looking to invest capital at home or abroad, these 6 Market Crushing Investing Principles can help give you an edge in your practice: https://bit.ly/45szJ2v Topics Discussed: Risks of horseback riding Researching and weighing potential risks of overseas investments Similarities between investing and dating Irish business practices EU vs US corporate disclosures Resources Discussed: Glanbia Exor Learn more about your ad choices. Visit megaphone.fm/adchoices

What does “the market'' mean to you? For many listeners of this podcast, that term carries a strong Americentric connotation, but with the instant worldwide connectivity of the 21st century, the borders of our financial markets have quickly begun to blur. With the myriad factors that dictate whether or not a company is worth investing in, we must take into account the additional considerations that are necessary when dealing with a company that operates within a different culture, language, and political/regulatory climate than the companies we encounter within our own countries. With Phil and Danielle reunited following their summer vacations, these recent travels brought them back this week ready for a discussion about their own practices when it comes to foreign investments. If thinking about international investments has you reaching for a guidebook, click here to get your copy of the Rule #1 guide to gaining financial freedom, Map Out Your Investing Journey: https://bit.ly/3DTy4qN Topics Discussed: Researching companies overseas Analyzing trends and forecasting future developments How to compile and prioritize companies Finding enjoyment from the process Resources Discussed: Seeking Alpha Glanbia Ryanair Kerry Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Ackman’s checklist is straightforward and reflects the basic principles of Rule #1 investing. But sometimes a company’s story has changed, so you must research further to determine if you need to hedge, or even exit a position. This week, we head back to the vault to hear part 2 of last week’s analysis of Bill Ackman’s investing checklist. This week, Phil and Danielle go into greater depth on the topic and discuss why it’s important to keep things simple with your investing. To gain a better understanding of the moats your investments ought to have, click here for The 5 Moats Investment Guide: https://bit.ly/3Kmb33J Topics Discussed: Irish companies The snowboarding of money Power structures of corporate governance The value of patience and humility in investing Resources Discussed: Origin Enterprises I-RES Permanent TSB AIB Bank of Ireland Kingspan Ryanair Smurfit Kappa CRH Glanbia Kerry Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Ackman serves as an invaluable source of learning for aspiring investors. Despite some deviations from the conventional value investing checklist, his approach remarkably aligns with the fundamental principles of Rule #1 investing. Central to his strategy is the belief that exceptional companies boast simplicity and predictability, alongside a dominant market position and a limited exposure to intrinsic risk. By studying Ackman's successful investment strategies, one can glean invaluable insights into the world of finance, making it a compelling learning opportunity for investors of all levels. In this week’s episode from the InvestED Vault, Phil delves deeply into Ackman's checklist, shedding light on its nuances and exploring why he himself has embraced this distinctive style of investing. For further tips to boost your value investing IQ, click here to get your copy of Phil’s Value Investing Cheat Sheet: https://bit.ly/3QeCCje Topics Discussed: Danielle’s recent travels and related recommendations Staying focused when broadening your investing practice Ackman’s checklist compared to Munger’s Common pitfalls for amateur investors Understanding your investments Barriers to entry Learn more about your ad choices. Visit megaphone.fm/adchoices

No matter how many books we read or how many hours we pour into our market research, the future is still uncertain to even the wisest of investors. When the mantra of “invest in what you know” is faced with the unknowable, what is the right move for those who are confined to the present? With every passing year, it gets easier to invest outside of our own borders. However, the enticing potential of emerging markets and discovering relatively unknown companies is balanced by the risks associated with cultures, governments, and business practices that are foreign to those with a Western-centric mindset. This week on InvestED, Phil and Danielle discuss the pros and cons of buying into companies overseas, and why many people are more comfortable keeping their investments close to home. To expand the borders of your own investing knowledge, check out our guide of The Best Investors in the World to pick up some tips from top minds in every corner of the globe: https://bit.ly/3DhbmIS Topics Discussed: Buffett on USA Living and investing outside of one’s country/region Michael Burry/The Big Short Listeners in Ireland: send company suggestions to [email protected] Euronext Dublin Resources Discussed: The End of the World Is Just the Beginning Investment Biker: Around the World with Jim Rogers Learn more about your ad choices. Visit megaphone.fm/adchoices

The past hundred years has seen humanity mobilize in a way that was previously unimaginable, and that worldwide cultural shift has been kicked into overdrive in the digital age. These massive changes have shaken up markets for decades, and this trend of globalization shows no signs of slowing down. As the world becomes smaller, supply chains become more interwoven, and people’s expectations of immediacy grow, the future looks very uncertain. Following decades of relative peace, geopolitical jockeying has taken on a previously unseen context in a world where the chief rivals depend on each other for our modern way of living. With declining populations ushering in a declining need for consumption, investors will have to adapt to this new era of global commerce in ways that many nations seem unwilling or unable to do. On this week’s show, Phil and Danielle discuss some of the unique aspects of the US, and what it means for America to get ahead of the demographic curve and avoid catastrophe. Although this podcast doesn’t pick stocks, Rule #1 has these great tips available to help investors learn how to start generating generational wealth: https://bit.ly/3ros8mU Topics Discussed: Ancestral immigration Munger on Musk Post-WWII hegemony European manufacturing changes Resources Discussed: 1883 The End of the World Is Just the Beginning The Intelligent Investor Learn more about your ad choices. Visit megaphone.fm/adchoices

For today’s mini-episode of InvestED, Danielle checks in to wish a happy 4th of July to all of our listeners in the USA. To keep the fireworks in the sky instead of your portfolio, check out our investing checklist, 10 Do’s and Don’ts of Successful Investing: https://bit.ly/3XyEDbD Topics Discussed: July 4th Learn more about your ad choices. Visit megaphone.fm/adchoices

The arrival of the AI boom has stirred up a lot of questions, a couple of which seem to define the main concerns with the technology: are machines going to take all of our jobs, and how can I utilize this tech in a way that nobody else has thought of yet? The first question is answered by the fact that none of this would function without human creativity guiding the process, and the second will be answered in a multitude of ways as this technology continues to be refined and democratized in the coming years.. This week on InvestED, Phil and Danielle are joined once again by AI expert Nuno Neves Cordeiro as they discuss the ways that investment firms are implementing open source machine learning processes to streamline the way they analyze data, as well as how the average investor can take advantage of this technology. Click here for your copy of 5 Numbers to Determine a Smart Investment, Phil’s guide for discovering and calculating the numbers that matter most in your investments: https://bit.ly/3psMESQ Today's Guest: Nuno Neves Cordeiro (LinkedIn) Topics Discussed: LLMs Quant trading AutoML Econometrics Resources Discussed: ChatGPT Chaos Kings Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a number of ways that the average speculator can learn and benefit from the strategies and philosophies of the well-established greats like Buffett, but how can the savvy investor get the most out of the limited information available to us? In the constant battle between businesses and the legislators trying to reign them in, the deck is often stacked against the little guy. Luckily, that’s not always the case, and successful investors know how to find every advantage possible to build a portfolio that can withstand market volatility. This week on InvestED, Phil and Danielle answer some great questions they’ve received about how to find investing gurus that you can learn from. They’ll show you how to easily find the information you need from these investors, which will paint a clearer picture for you when it comes to your own personal investing journey.. To find out more about our investing philosophy, check out our NYT best sellers and get the first 2 chapters of each of our audiobooks: https://bit.ly/3N21M18 Topics Discussed: Index funds Pre-COVID Bitcoin Importance of following public filings of large scale investors Primary sources/secondary sources Resources Discussed: EDGAR InvestED Dataroma GuruFocus Holdings Channel WhaleWisdom Learn more about your ad choices. Visit megaphone.fm/adchoices

Free time is, for many, a precious commodity that there simply never seems to be enough of. How then can those with a goal and a vision for how to achieve it budget and invest their time to pursue that goal? With the speed of technological development and the amount of resources available to anyone who wants to seriously pursue coding, the next society-changing app could always be right around the corner. As problems become more complex, so do the solutions–as well as the tech required to implement them. This week on InvestED, Danielle talks with returning guest Nuno Neves Cordeiro about his journey to becoming an expert in the field of AI, and what that journey had in common with value investing. To find out more about our investing philosophy, check out our NYT best sellers and get the first 2 chapters of each of our audiobooks: https://bit.ly/3N21M18 Topics Discussed: Learning to code Understanding and applying algorithms Process vs results Learn more about your ad choices. Visit megaphone.fm/adchoices

Until very recently, a lot of talk about artificial intelligence conjured dystopian images of Skynet, the Matrix, and HAL-9000 instead of a browser window answering homework questions or rendering bizarre reproductions of famous artwork. However, the recent releases of some powerful AI tools has reframed the popular understanding of what AI really is, and the investing world has taken note. At times when technology takes an exponential leap forward, how can companies avoid being behind the curve? Following some recent discussion about the prominence of artificial intelligence in the current cultural conversation, Phil and Danielle brought in an expert on the topic (Nuno Neves Cordeiro) to clear the air and answer some of their lingering questions and dispel some of the pop culture myths surrounding AI. To clear up some other common market misconceptions, click here for a free copy of the The 3 Greatest Stock Market Myths Ever Told: https://bit.ly/45NycoE Today’s Guest: Nuno Neves Cordeiro (LinkedIn) Topics Discussed: Rule-based vs machine learning APIs and AI Fears about AI replacing humans Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2023, it seems like every other week has seen a new AI tool pop up and have its 15 minutes of fame. From image generation to chat functions and voice replication, the public eye has never been more fully focused on artificial intelligence. Is the latest wave of machine learning composed of actual breakthroughs, or have users been fooled by elaborate systems of smoke and mirrors? Knowing the risks of involving artificial intelligence in the investing process is a tricky challenge to navigate, and one that seems to grow more complicated every day. This week on InvestED, Phil and Danielle turn their sights back to AI and talk through the potential implications of computer brains and their effects on the financial world. If you prefer a more traditional technological approach to your investing journey, click here for your Rule #1 Calculators for Investing Analysis: https://bit.ly/42dBHSn Topics Discussed: AI hallucination Resources Discussed: Bard ChatGPT BloombergGPT The Intelligent Investor Learn more about your ad choices. Visit megaphone.fm/adchoices

As the shock waves dissipate following the 2023 Berkshire Hathaway shareholders meeting, they nevertheless continue to be felt as we come back for a third week of analysis on one of the investing world’s most significant yearly events. This year’s meeting took place in the midst of a tumultuous period of post-pandemic supply chain disruptions, worldwide inflation, and the looming threat of the next big recession. In the final episode of this three-parter, Phil and Danielle focus on the role of currency in the current economic crises facing the markets. Listen in as they break down the comments of Buffett and Munger and offer their own insights on the topic. For more pearls of wisdom from the Oracle of Omaha, get your free copy of the Warren Buffett Book of Quotes: https://bit.ly/3OEPXjL Topics Discussed: Currency in circulation Hoarding cash/luxury assets Resources Discussed: FRED (Federal Reserve Economic Data) Learn more about your ad choices. Visit megaphone.fm/adchoices

After last week’s episode scratched the surface of the recent Berkshire shareholder meeting’s Q&A session, we’re going back to the well of investing wisdom that is Buffett & Co. This year’s meeting brought a number of insights, both personal and business-related, from the leaders at Berkshire. What do some of the world’s most successful investors have to say about what guides their strategies in 2023? This week on InvestED, Phil and Danielle dive deeper into the weeds of the Berkshire Hathaway shareholder meeting and share some wisdom of their own. To mark your own financial progress and plan for the future, click here for your copy of Map Out Your Investing Journey: https://bit.ly/3WbuIbe Topics Discussed: Porsche Owners Club Berkshire Hathaway shareholder meeting USA vs China Taiwan Semiconductor Stock buybacks Resources Discussed: Damodaran on Valuation Learn more about your ad choices. Visit megaphone.fm/adchoices

With the 2023 edition of the Berkshire Hathaway annual shareholders’ meeting in the books, it’s time to review the takeaways from the event. In an era of heightened uncertainty for markets around the world, what can we glean from the words of Buffett et al? The weekend saw over 30,000 investors descend upon Omaha to hear from the megacorp’s leadership and vie for the chance to pose a question to some of the world’s most successful business magnates. Covering topics ranging from AI and technology to geopolitics and the role of emotion in finance, the meeting’s Q&A session left attendees and listeners with a lot to digest. On this episode of InvestED, Phil and Danielle break down their takes on Berkshire’s big gathering and parse the wisdom from a couple of value investing heavy hitters. To learn more about Buffett, Munger, and others, click here for a free copy of the The Best Investors in the World: https://bit.ly/41kGW2g Topics Discussed: Berkshire Hathaway Annual Shareholder Meeting President Biden’s stock buyback proposal Resources Discussed: Starlink Invested The Intelligent Investor The Tractatus Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time again for the "Woodstock of Capitalism," aka the annual Berkshire Hathaway shareholder meeting where Warren Buffett and Charlie Munger fill in their investors on the state of the company and its future prospects. The meeting always makes waves in the investing world – whether it's two of the industry's titans sharing valuable insights and taking questions from attendees, or upwards of 40,000 shareholders having access to an incredible variety of networking opportunities. On this week's episode, Danielle gives us a brief overview of what to expect in the upcoming meeting (as she and Phil watch the livestream). To see how well you know the Oracle of Omaha, take our Warren Buffett Quiz: https://bit.ly/3HzseNB Topics Discussed: Berkshire Hathaway Shareholder Meeting Learn more about your ad choices. Visit megaphone.fm/adchoices

With financial advising services trying their best to convince you that they can set you up with the life of your dreams, how can the cold, emotionless AI bots compete with their human counterparts? The latest iterations of chat AI tools range from fun gimmicks to incredibly useful tools, but it’s important to approach them with caution. Whether it’s limited knowledge, problems interpreting data, or even the occasional hallucination, these tools are far from perfect. On this week’s episode, Phil and Danielle continue their discussion about ChatGPT and what the future could hold for a society dependent on AI. For help avoiding mistakes and making smarter investing decisions, click here for you free copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/40z6gkx Topics Discussed: Robo-Advisors Chatbots OpenAI X.AI BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Hey ChatGPT, what’s your deal and and why should investors care? The relatively young world of AI hold a huge amount of both potential, and also countless unknowns. What’s the utility of a tool with such a huge amount of information both good and bad, and how much can we trust that tool to discern the difference? As financial corporations develop their own AI tools, the ability to take advantage of their power without succumbing to their weaknesses will be a difficult but crucial skill to master. This week, Phil and Danielle take a look at the state of AI and machine learning in 2023 and the potential impact it could have on the investing world. To find your own weaknesses as an investor, click here to take our Investing Personalities Quiz: https://bit.ly/40k6k7M Topics Discussed: Rule #1/Value Investing SmartLess AI Hallucination BloombergGPT Resources Discussed: ChatGPT Bard Learn more about your ad choices. Visit megaphone.fm/adchoices

Once in a blue moon, you might find yourself in a peculiar situation with regards to your investing journey. During the course of your research, you find a company with an eye-catching price tag and little to no fanfare. Then comes the important question: are you ahead of the curve, or is this deal too good to be true? To examine this potential investment, it’s important to be equipped with the proper tools to complete a proper analysis. From reviewing time frames and understanding operations to gauging wider interest, gaining a comprehensive understanding of a company’s valuation is key in making wise purchases. Join Phil and Danielle as they continue to follow a thread that was sparked by a discussion of helmets, but has since evolved into a lesson on why a seemingly great bargain might not be worth the risk. If the idea of learning from some of the world’s most successful financial mentors appeals to you, click here to get your free copy of The Best Investors in the World: https://bit.ly/4129j5R Topics Discussed: Vista Outdoor 13F Filings Resources Discussed: The Innovation Stack Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding a company that can compound their investments over a long period is the white whale of the value investor. While this search is often challenging, finding these companies can lead to substantial long-term gains. With the gamification of investing in recent years, the idea of holding an investment for a lifetime is being presented as less appealing than the app-driven, short-term profit mentality. Are you prepared to do the work up front so that you can feel confident in a less hands-on approach in the long run? By starting off with a careful analysis of these potential compounding investments, you can be less concerned with the day-to-day movements of the markets. If you’re searching for possible compounders to add to your portfolio, get your free copy of Phil’s Value Investing Cheat Sheet for help with those first steps: https://bit.ly/3KvCsjT Topics Discussed: Vista Outdoors Compounders Resources Discussed: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when banks have growth as their priority? With the current instability, what can the public vs private sector debate tell us about our financial institutions? When leadership is beholden more to shareholders than to their patrons, it can lead to wildly different outcomes regarding the security of their customers’ assets. This week, Phil and Danielle continue to analyze the recent bank failures and discuss some of their problems with the structure of current financial systems. For insight into how you can better research your next investment, get your copy of The Value Investing Cheat Sheet: https://bit.ly/3Z8PXdw Topics Discussed: Silicon Valley Bank Public vs Private banks Amadeo Giannini/Bank of America White-shoe Law Firm Resources Discussed: The Innovation Stack Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent collapse of Silicon Valley Bank exposed some major cracks in the way that banks have been doing business, and the upheaval is sending shockwaves far beyond the tech sector. Unwise decisions from leadership compounded by market uncertainty and rising interest rates is certainly a recipe for disaster. How can we analyze these and other warning signs, like an over-reliance on a volatile tech sector, to anticipate and avoid future losses? Join Phil and Danielle for a postmortem of SVB and a discussion of how its failure could impact value investors. If you need help identifying warning signs of impending crashes, download your free copy of Your Ultimate Stock Market Crash Survival Guide: https://bit.ly/3YLope0 Topics Discussed: Rule #1 Investing Silicon Valley Bank It’s A Wonderful Life Learn more about your ad choices. Visit megaphone.fm/adchoices

For those of us whose minds tend to wander, the age of limitless new opportunities at our fingertips has been both a blessing and a curse. The ability to focus that attention is an equally vital tool that is essential to good investing practice. What are the best first steps to take when we stumble across a new company while browsing the web? If investors don’t want to be outside of their element or their ethical and moral boundaries, a few minutes on Google is time well spent. This week on InvestED, Phil and Danielle continue the previous episode’s topic and take a deeper dive into the process of researching a new company. For help setting up your own priority list, get your copy of How to Pick Stocks: The 5-Step Checklist: https://bit.ly/3kUBXWE Topics Discussed: Circle of competence Resources Discussed: Vista Outdoor For show notes and more information visit www.investedpodcast.com Learn more about your ad choices. Visit megaphone.fm/adchoices

How often are you inspired to invest when you come across a great idea or innovation in your day-to-day life? Could that new helpful device lead you to the next great company for your portfolio? With the sheer quantity of information that’s available to investors in the digital age, being able to sort the signal from the noise is a must. This week on InvestED, Phil and Danielle discuss how viewing life through an investing lens can shape our experiences when we encounter something new. For help picking winning investments and avoiding risky stocks, get your free copy of our Must Have Investing Checklist: https://bit.ly/3IZucI9 Topics Discussed: Helmets (MIPS) Research potential of the internet Public > Private shift CEO letters Resources Discussed: Vista Outdoor Learn more about your ad choices. Visit megaphone.fm/adchoices

Before buying a company, Rule #1 Investors do a ton of research to ensure the company they are buying meets Charlie Munger’s 4 key principles: meaning, moat, management, and margin of safety. From blue chip companies to venture capital, the options are limitless in terms of what modern investors can do with their money. In this week’s episode, we discuss the difference between investing and speculating, and why the term “risky investing” is an oxymoron. Learn what to watch out for when trying avoid overly risky investments with your own copy of the Must Have Investing Checklist: https://bit.ly/3YRI90n Topics discussed: Charlie Munger's 4 Principles Learn more about your ad choices. Visit megaphone.fm/adchoices

William 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 financial community about “diversification,” which simply means investing your money in a variety of ways in order to provide a safety net should one investment go south. The thing is, you don’t need to diversify if you know how to invest and understand what you are investing in. By taking the time to research and learn about the companies you are investing in, you are providing your own safety net, because you won’t invest in any company that doesn’t meet the standards for a wonderful company, as it is defined in Rule #1 Investing. That is key. This week on InvestED, Phil and Danielle discuss Bill Ackman’s checklist more in-depth, and explain why you can’t blindly put your money in stocks chosen at random and expect to achieve great returns. In order to succeed investing in the stock market, you have to use a system and a strategy. Learn how to find and pick quality stocks with this FREE Four Ms Guide: https://bit.ly/3krSdvB Topics discussed: Bill Ackman Valuation methods of investing Rational investing Tesla stock Coca-Cola stock Learn more about your ad choices. Visit megaphone.fm/adchoices

When we take risks in life, the prospect of success is always tempered by the possibility of failure. What happens to a society when some of the consequences of failure go away? Preparation and practice can help us face our fears and improve our investing process, and dealing with doubts is part and parcel of being an investor. This week on InvestED, Phil and Danielle discuss the hero’s journey and what it means to set and pursue goals. To better prepare yourself for investing success, download your copy of 10 Do’s and Don’ts of Successful Investing: https://bit.ly/3RDQtxU Topics Discussed: Steve Jobs Setting oneself up for success/failure The Hero’s Journey Commitment Resources Discussed: Joseph Campbell Free Solo Learn more about your ad choices. Visit megaphone.fm/adchoices

After a couple of decades of dominating the internet, cracks have begun to appear in the once-unquestionable superiority of Google. With the advent of new technologies, can the tech giant adapt and compete with the products and companies currently defining the landscape of Silicon Valley? And what does a tech monopoly look like when the world of virtual connectivity begins to incorporate A.I. users in addition to human ones? This week on InvestED, Phil and Danielle talk about shakeups in the tech world and the difficulty of balancing planning for the future vs living in the present. For help planning for your future, don’t miss a free copy of the Rule #1 Early Retirement Calculator: https://bit.ly/3HqBLFQ Topics Discussed: Challenges to Google’s dominance ChatGPT Planning ahead vs being present Resources Discussed: Be Here Now Learn more about your ad choices. Visit megaphone.fm/adchoices

“There’s nothing evil, per se, about selling things short. Short sellers—the situations in which there have been huge short interests very often—very often have been later revealed to be frauds or semi-frauds.” — Warren Buffett Short selling, or shorting, plays an important role in public markets as it improves prices, rational capital allocation, prevents bubbles, and shines a light on fraud. A recent example of this is the Gamestop event which caused many investors to either gain or lose money, as shorting isn’t ideal for all investors. This is why it’s important to invest with your values—so you can invest with confidence and reduce your risk of making bad investing decisions. In today’s podcast, Phil and Danielle discuss the important role short sellers play in our market and why it’s important to invest with your values. Learn about the Four Ms and how they can help you invest in the right businesses at the right time with this FREE guide: http://bit.ly/3btAqhM Topics Discussed: Confirmation bias GameStop squeeze of 2021 Short selling Hedge fund collusion Resources Discussed: Beat the Dealer Black-Scholes Model Learn more about your ad choices. Visit megaphone.fm/adchoices

Our ability to handle expectations, both from others and ourselves, plays a huge role in our success in life. If we don’t know our tendencies when faced with those expectations, how can we be prepared to succeed? Investors often deal with an enormous amount of pressure and uncertainty, and being able to identify the source of those stressors can help set us up to prosper in the market. In this episode, Phil and Danielle return to the Four Tendencies Framework and examine what it is that really makes us tick and how we can harness that knowledge in our investing practices. If you want to be better prepared to set realistic goals, don’t miss our handy checklist of The 10 Do’s and Don’ts of Successful Investing. Download your copy now: https://bit.ly/3H9Fzwd Topics Discussed: Audiobook reading The Four Tendencies Framework Resources Discussed Why We Sleep Better Than Before The Four Tendencies Mostly Invested Rule #1 Virtual Investing Workshop Learn more about your ad choices. Visit megaphone.fm/adchoices

New year, same InvestED! Our hosts check in for the first show of 2023 and reflect on how disparate paths can bring people to the same world of investing. What does it look like to find success with the message you’re trying to share? There are millions of people with an idea, a passion, or a unique perspective, but managing to have it resonate with others in the attention economy is no small task. This week on InvestED, Phil and Danielle discuss the importance of setting goals, and they return to the recent topic of four buckets, this time in terms of dealing with expectations both external and internal. Get your year started on the right foot with the Must-Have Investing Checklist. Download your copy now: https://bit.ly/3XjgNix Topics Discussed: Publishing/PR industries The importance of a platform The Four Tendencies Framework Resources Discussed: Invested Rule #1 Better Than Before The Four Tendencies Learn more about your ad choices. Visit megaphone.fm/adchoices

On this milestone episode of InvestED, Phil and Danielle celebrate 400* episodes and take a look at where the market might be headed in the new year. Having spent the past two weeks going over the All Weather Portfolio, are there certain profiles of investors who would be better suited to this strategy than others? How can you use the four buckets to hedge your bets against the ups and downs of the market? Join us as we close out 2022 and nearly 8 years of the InvestED Podcast, and see where the inflation roller coaster takes us in 2023. Find ways to secure your investments for the next big downturn with the 12 Month Financial Success Planner. Download your copy now: https://bit.ly/3Vd1973 Topics Discussed: Ray Dalio’s All Weather Portfolio Tony Robbins and Ray Dalio Resources Discussed: MONEY Master the Game Learn more about your ad choices. Visit megaphone.fm/adchoices

As the podcast approaches episode 400, Phil and Danielle reflect on the past several years of talking investing together before returning to the previous episode’s topic of the All Weather Portfolio. What does it look like to put together a portfolio that’s prepared for any economic environment? Inflation or deflation, boom or bust, there are opportunities in every situation. This week on InvestED, Phil and Danielle dive deeper into the four buckets theory and how societal and economic dynamics can help you develop a strategy for security. Find ways to secure your investments for the next big downturn with the Market Crash Survival Guide. Download your copy now: https://bit.ly/3hnrTUw Topics Discussed: Four Buckets/All Weather Portfolio Efficient Market Theory Learn more about your ad choices. Visit megaphone.fm/adchoices

For many, investing is much more than a hobby or a profession–it’s a way of looking at the world and parsing new information. There are countless approaches to take towards investing your wealth, but for a certain segment of the population, safeguarding financial progress is a higher priority than finding the next hot stock. This week, Phil and Danielle talk through Ray Dalio’s All Weather Portfolio and how you can utilize this strategy to weather any economic storm that may hit the market. If you’d like a metric for making smart investing choices, download your copy of Understanding Market Capitalization to get our guide for navigating price versus value: https://bit.ly/3P6m1eK Topics Discussed: The importance of reading EBITDA Efficient Market Theory Resources Discussed Unsettled by Steven Koonin The All Weather Portfolio by Ray Dalio Learn more about your ad choices. Visit megaphone.fm/adchoices