In the horse world, it means you spend some money on a vetenarian who is expert at making sure the horse is not going to go lame or doesn't have some physical abnormality that's going to show up later. I mean, its the same with people, right? T probably te same thing. It may be true that if you look too deeply at every company, you'll find flaws, and you'll never invest in anything. And this was something you brought up a long time ago, i think, is like, everything's got issues. You know, it's very true.
Continuing their discussion on the biggest investment question mark that is Netflix, Phil and Danielle dig deeper into helping you figure out complex, and seemingly impossible to invest in companies.
While Netflix may be almost impossible to understand and wrap your head around investing in, there’s still value in looking at it through the lens of basic Rule #1 investment practices that will help you learn how to avoid confirmation bias and invest logically.
Tune in to this episode of InvestED to hear what we can learn about investing from complex companies like Netflix, and people that do choose to invest in them.
To learn more about what types of questions to ask and what you need to understand to invest with success, download Phil’s 4 Ms to Successful Investing Guide: https://bit.ly/3zzKVOd
Resources Discussed:
Topics Discussed:
- Confirmation bias
- Investing in companies that are “too hard”
- Rule #1 investing basics
- Understanding moats and management
For show notes and more information visit www.investedpodcast.com
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