There's a recent a viteo on youtube by peter teale. He says great company s get themselves into position where they're really not competing with anybody. You should start a company that has its own little niche, and it's not competition with anybody. Railroads have an intrinsic characteristic, railroad tracks and the right of ways, that make them very difficult to compete against.
After 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 dig even deeper and help you better understand the companies you’re interested in and the best process you should follow to see success when it comes time for you to invest.
To see the must-have investing checklist Phil and Danielle use, download your own copy for FREE here: https://bit.ly/3Inmmpv
Topics discussed in this podcast:
- Investing Checklist
- The Role of Competition
- Investing Research
- Investing Resources
Additional resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com.
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